An Advantage That Money Has Over Other Assets Is That

question 39

Multiple Choice

An advantage that money has over other assets is that it:

• A) Increases in value over time
• B) Has lower transaction costs to use as a means of payment than other assets
• C) Provides a higher return to the owner
• D) Is a safer asset to hold during times of inflation

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Definitions:

Commercial Impracticability

A legal doctrine that excuses a party from performing a contract when events have occurred making performance excessively difficult, expensive, or harmful.

Frustration of Purpose

A legal doctrine that allows parties to be relieved from their contractual obligations if an unforeseen event undermines the contract's original purpose.

Substantial Performance

Contract performance that occurs when nearly all the terms of the agreement have been met, there has been an honest effort to complete all the terms, and there has been no willful departure from the terms of the agreement.

Unforeseen Circumstances

Events that a reasonable person would not be expected to anticipate.