A $25,000 Price Tag on a New Car Is an Example

question 69

Multiple Choice

A $25,000 price tag on a new car is an example of money as

• A) medium of exchange.
• B) a unit of account.
• C) a store of value.
• D) a time deposit.

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Definitions:

Torts Committed

Acts or omissions that cause harm or loss, leading to civil legal liability under tort law.

Fiduciary Duty

An obligation wherein an individual must act in the best interest of another person or entity, prioritizing their benefits over their own.

Serious Misconduct

Serious misconduct is a severe behavior or action by an employee that breaches workplace rules or standards to such an extent that it justifies immediate dismissal.

Maintenance of Membership

A union agreement clause requiring employees to maintain union membership for the duration of the employment contract.