Which of the Following Is Not a Correct Statement About

question 94

Multiple Choice

Which of the following is not a correct statement about money?

• A)​Money serves as a medium of exchange.
• B)​The value of money generally fluctuates much more than the prices of individual commodities like oil or wheat.
• C)​Money serves as a store of value.
• D)​Money serves as a means of deferred payment.

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Definitions:

Noncash Activities

Financial transactions that do not involve the immediate transfer of cash, often reflected in supplemental disclosures in cash flow statements.

Financing Activities

Transactions involving changes in equity and long-term liabilities on the company's balance sheet.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives.

Sources and Uses

A financial statement that outlines how funds are raised (sources) and spent (uses) within a business or project.