The Following Are All Functions of Money EXCEPT

question 16

Multiple Choice

The following are all functions of money EXCEPT

• A)medium of exchange.
• B)store of value.
• C)unit of account.
• D)source of anxiety.

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Definitions:

Financial Position

The status of the assets, liabilities, and equity of an entity as reflected on its financial statements at a specific point in time.

Apparent

Clearly visible or understood; obvious.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Trade Credits

An agreement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.