Which of the Following Characterizes Currency

question 20

Multiple Choice

Which of the following characterizes currency?

• A)It has intrinsic value.
• B)It has no intrinsic value.
• C)It may be used as a medium of exchange but is not legal tender.
• D)It performs all the functions of money except providing a unit of account.

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Definitions:

Sampling Distribution

The distribution of probabilities for a particular statistic based on a random sample, which is used to infer characteristics of the population.

Miles Per Gallon

A measure of fuel efficiency in vehicles, indicating the distance in miles a vehicle can travel per gallon of fuel consumed.

Simple Random Sample

A segment of a statistical group where every member possesses an identical probability of selection.

Sampling Plan

A strategy that outlines how samples will be collected from a population for the purpose of research or quality control.