Which of the Following Is a Function of Money

question 77

Multiple Choice

Which of the following is a function of money?

• A)a unit of account
• B)a store of value
• C)medium of exchange
• D)All of the above are correct.

Determine the value of the ending inventory using various inventory valuation methods.

Calculate the total sum of units or cost based on given transaction records.

Compute the extension column value by multiplying the unit cost by quantity.

Determine and compute the cost of goods sold based on markup and sales data.

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Definitions:

Ratio

A ratio represents a quantitative relationship between two or more numbers, showing how many times one value contains or is contained within the other.

Ratio

A mathematical term describing the quantitative relation between two amounts, showing the number of times one value contains or is contained within the other.

Equivalent Ratio

A proportion between two sets of quantities indicating their equality in value or function.

Smallest Term

In mathematics, it refers to the term in an expression, sequence, or series that has the smallest value.