When Used to Accumulate Wealth,money Functions as a

question 12

Multiple Choice

When used to accumulate wealth,money functions as a

• A)yardstick of value.
• B)store of value.
• C)measure of value.
• D)medium of exchange.
• E)transaction.

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Definitions:

Contract Voidable

A contract that is valid but may be declared void at the option of one of the parties to the contract.

Non Est Factum

A legal defense claiming that a signed agreement is invalid because the signer was unaware of its true nature due to a significant mistake or misrepresentation.

Extended Warranty

An additional warranty that covers the repair or replacement of items beyond the standard warranty period.

Chequing Account

A bank account from which money can be quickly withdrawn using checks, debit cards, or electronic methods.