If Peanuts Serve as a Medium of Exchange,a Unit of Account,and

question 82

Multiple Choice

If peanuts serve as a medium of exchange,a unit of account,and a store of value,then peanuts are

• A)bank deposits.
• B)reserves.
• C)money.
• D)loanable funds.

---

Definitions:

Direct Materials

Raw materials that are directly attributed to the production of goods, identifiable as part of the finished product.

Prime Costs

The direct costs directly attributable to the manufacture of goods, typically including direct materials and direct labor costs.

Managerial Accounting

A field of accounting that focuses on providing financial and operational information to managers within an organization to aid in decision-making.

Decision Makers

Individuals or groups responsible for making choices that affect an organization's strategies and operations.