Which of the Following Statements Is NOT True About Money

question 85

Multiple Choice

Which of the following statements is NOT true about money?

• A) Anything that serves as a medium of exchange, as a unit of accounting, as a store of value, and as a standard of deferred payment can be called money.
• B) Money is any medium that is universally accepted by sellers and creditors.
• C) Money is a standard of deferred payment.
• D) Money can only be coins and paper.

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Definitions:

Power Distance Cultures

Societies or organizations that accept and perpetuate unequal distributions of power, authority, and resources among its members.

Threat Of Sanctions

The possibility of facing penalties or punishments as a deterrent against violating rules or norms.

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes.

Reward Systems

Mechanisms or programs designed to motivate and compensate employees or participants by recognizing their achievements, contributions, or performance.