Which of the Following Is Money

question 34

Multiple Choice

Which of the following is money?

• A) debit cards
• B) e-checks
• C) checks
• D) bank deposits
• E) credit cards

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Definitions:

Rate of Return

The earnings or losses experienced with an investment over a specific duration, depicted as a percentage of the investment's original expense.

Net Asset Value

The total value of all the securities held by a mutual fund or ETF, minus any liabilities, divided by the number of shares outstanding.

Year-End Assets

The total value of all assets an entity owns at the end of an accounting period or fiscal year.

Liabilities

Financial obligations or debts a company owes to outside parties, which must be settled over time through the transfer of economic benefits.