When You Use Currency to Buy Lunch,money Is Performing Which

question 112

Multiple Choice

When you use currency to buy lunch,money is performing which function?

• A)Store of value
• B)Barter token
• C)Unit of purchase
• D)Unit of currency
• E)Medium of exchange

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Definitions:

ROG

Receipt of Goods, a term used in supply chain management and accounting to denote the time at which goods are received, which may trigger payment or recording processes.

Settle

To pay off or resolve, often referring to clearing a debt or reaching an agreement.

Invoice

A document issued by a seller to a buyer, detailing a transaction and requesting payment.

Payment

The transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation.