A Token Must Be Tangible,practical,and Convenient to Carry and Dispense

question 51

True/False

A token must be tangible,practical,and convenient to carry and dispense.​

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Definitions:

Federal Government

The national government of a federation, which holds the authority over matters that affect the entire country, such as defense, foreign policy, and monetary policy.

Personally Liable

Responsibility on an individual level for debts or legal obligations, rather than through an intermediary like a corporation or LLC.

Partnership

An authorized business setup where multiple individuals participate in management and equally divide profits.

Profits

Financial gains obtained after deducting the costs, expenses, and taxes associated with doing business or an economic activity.