Money Serves as All of the Following Except

question 41

Multiple Choice

Money serves as all of the following except

• A) a medium of exchange.
• B) a unit of account.
• C) a store of value.
• D) a symbol that is made of or can be redeemed for a fixed amount of precious metal.
• E) a highly liquid asset.

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Definitions:

Investments Account

An account that holds securities, bonds, stocks, or other financial assets in the interest of an investor.

Dividends Received

Represents payments received by investors for owning shares in a company, typically issued from the company's profits.

Interest Paid

The total amount of interest payments made on borrowings (e.g., loans, bonds) during a given period.

Cash Flow Statement

A financial statement that shows the flow of cash in and out of a business during a specific period, highlighting operating, investing, and financing activities.