Which of the Following Functions of Money Would Be Least

question 37

Multiple Choice

Which of the following functions of money would be least affected if the economy experiences high rates of inflation?

• A) unit of account
• B) store of value
• C) standard of deferred payment
• D) medium of exchange

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Definitions:

Sales

Revenue generated from the sale of goods or services.

Total Assets

The sum of all current and long-term assets owned by a company, reflected on the balance sheet.

Net Sales

The revenue from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

ROE

Return on Equity, a profitability measure that calculates the ability of a company to generate profits from its shareholders' equity.