Which of the Following Is an Example of Money Functioning

question 386

Multiple Choice

Which of the following is an example of money functioning as a medium of exchange?

• A) Walmart accepting your $20 when you buy a Blu-ray.
• B) Apple pricing an iPhone at $299.
• C) Bank of America paying you 3 percent on your saving account.
• D) You saving your spare change in a jar before depositing them in your savings account.

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Definitions:

Business

An organization or entrepreneurial entity engaged in commercial, industrial, or professional activities with the aim of generating profits by providing goods or services.

Sweat Equity

The non-monetary investment, typically in the form of labor or services, that a person contributes to a project or business.

Restaurant

A place where prepared food and drinks are sold to the public for consumption on the premises or takeout.

Cousin

A relative with whom a person shares one or more common ancestors, but typically someone outside of a person's immediate family.