Identify the Correct Statement Regarding Cash

question 33

Multiple Choice

Identify the correct statement regarding cash:

• A)Cash is the most commonly used payment instrument.
• B)Cash is frequently used for small-value payments .
• C)The proportion of payments made with cash has been declining.
• D)Cash is a payment instrument but not a payment order.
• E)All of these.

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Definitions:

Securities

Financial instruments that represent an ownership position, a creditor relationship, or rights to ownership, expressed in the form of stocks, bonds, or options.

Rate of Return

The percentage gain or loss on an investment over a specified period, reflecting the income and appreciation of an investment.

Average Cumulative Investment

The total sum of all investments made over a period of time, divided by the number of investments.

Retail Store

A business establishment that sells goods to consumers, typically in small quantities.