Money Is

question 201

Multiple Choice

Money is

• A) an asset that is widely accepted as a means of payment in the economy
• B) any asset that is convertible into cash
• C) an asset that is backed by a precious metal such as gold or silver
• D) any financial asset created and issued by government
• E) anything used to pay for goods and services,including currency,checks,and credit cards

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Definitions:

Lessee

A person or entity that holds the lease of a property, effectively the tenant in a lease agreement.

Tenancy At Will

A rental agreement that allows either the tenant or the landlord to terminate the lease at any time without cause.

Rental Terms

The conditions and agreements that delineate the rights and obligations of the lessor and lessee in a property rental arrangement.

Fair Housing Act

A U.S. law enacted in 1968 aimed at preventing discrimination when renting or selling residential property based on race, religion, national origin, sex, (and as later amended) disability and family status.