As a Means of Payment,coins Have the Major Drawback That

question 41

Multiple Choice

As a means of payment,coins have the major drawback that they

• A)are heavy and hard to transport.
• B)are hard to counterfeit.
• C)are not the most liquid assets.
• D)must be backed by gold.

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Definitions:

Implied Contractual Rights

Rights that are not explicitly stated in a contract but are assumed to exist based on the behavior, situation, or actions of the parties involved.

Reasonable Notice

The advance warning an employer must give an employee before terminating their employment, which is often determined by law or contract.

Length of Service

The duration of time an individual has been employed by an organization.