When You Buy a Hamburger for Lunch, You Are Using

question 168

Multiple Choice

When you buy a hamburger for lunch, you are using money as a

• A) store of value.
• B) standard of deferred payment.
• C) medium of exchange.
• D) unit of accounting.

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Definitions:

Arbitrage Opportunities

Situations where a financial instrument, or a combination of financial instruments, can be bought and sold simultaneously in different markets to profit from price discrepancies.

Risk-Free Rate

The return on investment with no risk of financial loss, often represented by the yield on government securities.

Nonsystematic Standard Deviation

A measure of variance in a portfolio's total returns attributable to factors specific to individual securities, as opposed to the market.