Which of the Following Statements Is Not True

question 97

Multiple Choice

Which of the following statements is not true?

• A) For most of history gold has been the most common commodity money.
• B) The most common form of money in the U.S. is not a commodity money.
• C) Gold is an example of a fiat money.
• D) U.S. currency is legal tender.

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Definitions:

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets, calculated as (cash + marketable securities + accounts receivable) / current liabilities.

Current Ratio

This ratio assesses a firm's capacity to cover its obligations due in the next year by comparing its current assets to its current liabilities.

Interval Measure

A financial metric used to determine how long a company can operate with its available amount of current assets, calculated usually in months.

Time-Trend Analysis

A method of forecasting future data points by analyzing the patterns of historical data over time.