A Property of an Asset That Makes It Desirable for Use

question 308

Multiple Choice

A property of an asset that makes it desirable for use as a means of settling debts maturing in the future is a(n)

• A) medium of exchange.
• B) unit of accounting.
• C) store of value.
• D) standard of deferred payment.

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Definitions:

Continental Crust

The substantial section of the Earth's crust that creates the major continental areas, typically older and more intricate than the crust found beneath oceans.

Oceanic Crust

The thin layer of crust that forms the ocean floors, primarily composed of basalt and gabbro, and denser than continental crust.

Uppermost Mantle

The top layer of the Earth's mantle, directly beneath the Earth's crust, involved in tectonic plate movements and magma generation.

Isostasy

The condition of equilibrium, comparable to floating, of the crust resting on the solid mantle.