Which of the Following Is an Example of Money Serving

question 8

Multiple Choice

Which of the following is an example of money serving as a medium of exchange?

• A)John buys a cup of coffee and a roll at the faculty dining room.
• B)Steve puts a one-hundred-dollar bill in his money belt.
• C)Scott deposits cash into a savings account.
• D)Roland puts his coins into a piggy bank.
• E)Ursula deposits all her savings into a fixed deposit scheme.

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Definitions:

Sunk Cost

Expenditure that has been made and cannot be recovered.

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision.

Investment Strategy

A plan for allocating assets in a way that aims to achieve a specific financial goal within a particular time frame.

IBM Stock

Refers to the equity shares of International Business Machines Corporation, traded publicly on stock exchanges.