If You Place a Part of Your Summer Earnings as Cash

question 56

Multiple Choice

If you place a part of your summer earnings as cash in a safety deposit box,you are employing money as:

• A)a means of exchange
• B)a store of purchasing power
• C)a measure of value
• D)an income-earning asset
• E)a standard of deferred payments

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Definitions:

Data

Factual information used as a basis for reasoning, discussion, or calculation.

Information

Data that has been processed, organized, or structured in a way that is meaningful and useful to the receiver.

Informal Conversation

Casual exchange of thoughts and information between individuals, without adherence to strict rules of dialogue.

Systematic Process

A methodical procedure followed in a fixed sequence of steps to achieve a specific result or outcome.