Which of the Following Is an Example of Money Functioning

question 326

Multiple Choice

Which of the following is an example of money functioning as a store of value?

• A) Comcast charging $99 for internet, phone and cable service.
• B) McDonalds charging 99 cents for a burger.
• C) Your saving your spare change in a jar in order to afford an end-of-term party.
• D) Amazon.com charging $9.95 for shipping.

Understand the concept and calculation of marginal probability.

Comprehend the definition and calculation of joint (intersection) and union probabilities.

Differentiate between independent and dependent events.

Calculate conditional probabilities and understand their implications.

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Definitions:

Debit Column

Refers to the section in accounting records where decreases in liabilities, or increases in assets and expenses are logged.

Trial Balance

An accounting report that lists the balances of all ledger accounts at a particular point in time to ensure that debits equal credits.

Ledger Balances

The total balances of all accounts in a ledger at a specific point in time, reflecting the cumulative effect of all transactions.

Posting

The process of transferring entries from a journal to the respective accounts in the general ledger.