The Characteristics of Money Are

question 62

Multiple Choice

The characteristics of money are

• A) divisible, interchangeable, portable, and exchangeable.
• B) durable, paper, coin, and stable.
• C) interchangeable, divisible, paper, and banks.
• D) durable, divisible, stable, and portable.
• E) portable, divisible, durable, and interchangeable.

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Definitions:

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement, often as a part of financial audits.

Schedule Variance

A measure in project management that compares the actual work performed against the work scheduled.

ETC

Stands for "Estimated Time of Completion," referring to the forecasted date and time when a project or task is expected to be finished.

Estimates

Approximations calculated to predict the potential costs, durations, and resources required for projects.