Which of the Following Is a Function That Money Serves

question 196

Multiple Choice

Which of the following is a function that money serves?

• A)medium of exchange
• B)unit of account
• C)store of value
• D)All of the above are correct.

---

Definitions:

Gross Margin Percentage

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, demonstrating the efficiency of a company in managing its production costs relative to sales.

Income Statement

A financial document that shows a company's revenues and expenses over a specified period, illustrating how the net revenue of the company is transformed into net income.

Dividend Yield Ratio

A financial ratio that measures the amount of dividends an investor is expected to receive for each dollar invested in a company's stock, expressed as a percentage.

Market Price

The current price at which an asset or service can be bought or sold in the open market.