Megan Voorhees Recently Inherited $200,000

question 85

Multiple Choice

Megan Voorhees recently inherited $200,000. She has invested the inherited money in real estate and government securities. Voorhees is using her money for which of the following purposes?

• A) store of value
• B) medium of exchange
• C) commodity of exchange
• D) measure of wealth

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Definitions:

E-mail

A method of exchanging digital messages over the Internet between individuals or groups, providing a quick and efficient form of communication.

Criminal Penalties

Legal sanctions that may be imposed for committing a crime, which can include fines, imprisonment, or other forms of punishment.

Tax Evasion

The illegal practice of not paying taxes by individuals, companies, and trusts, by means such as misrepresenting income to the tax authorities.

Careless Disregard

A lack of reasonable care or effort in the fulfillment of duties or responsibilities, often leading to errors or negative outcomes.