Which of the Following Is True

question 66

Multiple Choice

Which of the following is true?
I. Checks are considered money because they can be used as a medium of exchange.
II. Checks represent a transfer of money.

• A) I only
• B) II only
• C) both I and II
• D) neither I nor II

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Definitions:

Continuous Reinvestment

The practice of continually reinvesting profits or earnings back into the business, project, or portfolio to promote growth and expansion.

Competitive Disadvantage

A condition or circumstance that puts a company at a less favorable position in the market compared to its competitors.

Entrepreneurial Task

Activities or responsibilities undertaken by an entrepreneur in the process of starting and managing a business.

Investment Pools

Collective investment schemes where funds from multiple investors are pooled together to purchase securities.