When You Use Currency to Buy Lunch, Money Is Performing

question 89

Multiple Choice

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

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

---

Definitions:

Preferred Dividends

Payments made to preferred shareholders before common shareholders receive any dividends.

After-Tax Income

The net income an individual or corporation receives after all income taxes have been deducted from gross income.

Common Shareholders

Individuals or entities that own common shares in a corporation, granting them voting rights and a share in the company’s profits via dividends.

EPS

Earnings Per Share; a company's profit divided by the outstanding shares of its common stock.