Which of the Following Is Not an Example of Money

question 90

Multiple Choice

Which of the following is not an example of money used as a unit of account?

• A) A British pound is worth $3.00.
• B) Auto repairs were $3,000 last year.
• C) Business travel totaled 12,000 miles.
• D) Gasoline sells for $1.20 per gallon and oil is $5.00 per quart.

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Definitions:

Financial

Financial pertains to matters related to money, finance, or the economic resources of management, investment, and expenditure.

Statutory Laws

Laws enacted by a legislative body, such as Congress or parliament, that must be followed by citizens in the jurisdictions where they apply.

Legislative Bodies

Institutions responsible for making laws in a country or community, such as parliaments or congresses.

Provincial Governments

The administrative bodies governing the provinces of a country, responsible for local regulations and policies.