Most Financial Assets Other Than Money Function as

question 317

Multiple Choice

Most financial assets other than money function as

• A)a medium of exchange, a unit of account, and a store of value.
• B)a medium of exchange and a store of value, but not a unit of account.
• C)a store of value and a unit of account, but not a mediuim of exchange.
• D)a store of value, but not a unit of account nor a medium of exchange

Differentiate between absolute and comparative advantages in international trade.

Analyze the impact of trade policies on national economies.

Understand the role of exchange rates and balance of trade in international economics.

Evaluate the arguments for and against free trade.

---

Definitions:

Bankruptcy Proceedings

The legal process through which individuals or businesses that are unable to repay their debts can seek relief from some or all of their financial obligations.

Proof of Claim

A written statement filed by a creditor in bankruptcy proceedings detailing the claim against the debtor.

Bankruptcy Court

A specialized federal court that deals with matters pertaining to bankruptcy and insolvency laws.

Debtor's Property

Assets owned by someone who owes money to creditors, which may be subject to claims or liens to satisfy debts.