Money Is Useful Because It Serves as a

question 45

Multiple Choice

Money is useful because it serves as a

• A)store of value.
• B)stimulus to the printing industry.
• C)good memorial to national leaders.
• D)never wears out.

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Definitions:

Par Value

The face value of a bond, stock, or coupon as stated by the issuer, which is the minimum amount at which the security can be sold.

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, typically with dividends that are paid out before dividends to common shareholders.

No-par Common Stock

No-par common stock is issued without a par value, and its value is determined by what investors are willing to pay for it, rather than being stated in the company's charter.

Cash Dividend

A payout to shareholders from a company's earnings in the form of cash.