U.S. Currency ________

question 487

Multiple Choice

U.S. currency ________.

• A) is less efficient than barter
• B) includes tobacco
• C) is the sum of M1 and M2
• D) is composed of the bills and coins held by individual and businesses

Understand the focus on efficiency and clarity in business communication.

Identify conventions and styles unique to North American business communication.

Acknowledge that creative thinking and successful communication can be developed through learning and practice.

Recognize the need for comprehensive situation analysis including audience, purpose, and challenges in business communication.

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Definitions:

Promissory Estoppel

An equitable doctrine that protects those who foreseeably and reasonably rely on the promises of others by enforcing such promises when enforcement is necessary to avoid injustice, even though one or more of the elements normally required for an enforceable agreement is absent.

Merchants

Individuals or businesses engaged in the trade of goods, services, or commodities for profit.

Nonmerchants

Individuals or entities that do not regularly engage in selling goods or services and therefore may not be held to the same standards as merchants in commercial transactions.

UCC

stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.