Which of the Following Might Explain Why the United States

question 51

Multiple Choice

Which of the following might explain why the United States has so much currency per person?

• A)U.S.citizens are holding a lot of foreign currency.
• B)Currency may be a preferable store of wealth for criminals.
• C)People use credit and debit cards more frequently.
• D)All of the above help explain the abundance of currency.

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Definitions:

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding the cost of materials and direct labor.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reflected in the income statement as a deduction from earnings.

Accounts Receivable Turnover

A financial ratio that measures how often a company collects its average accounts receivable balance over a period.

Inventory Turnover

A metric that measures how many times a company's inventory is sold and replaced over a specified period.