If Something Is to Serve as Money It Must Be

question 240

Multiple Choice

If something is to serve as money it must be a store of value. This means that it must

• A) be divisible.
• B) be the standard by which all goods are compared in setting prices.
• C) hold its purchasing power over time.
• D) be liquid.

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Definitions:

Earned Income

Earned income is revenue generated from the sale of goods and services. For nonprofits, this includes income earned aside from donations and grants.

Social Enterprise

Social enterprise denotes a business model that aims to address social problems or improve communities, environments, or people's lives through sustainable and revenue-generating strategies.

Board of Directors

A group of elected individuals who represent shareholders or stakeholders, overseeing the activities and governance of an organization to ensure its success and compliance.

Feasibility Analysis

The evaluation of a project or business idea to determine if it is technically, legally, and financially viable.