Which of the Following Is Both a Store of Value

question 142

Multiple Choice

Which of the following is both a store of value and a common medium of exchange?

• A)corporate bonds
• B)mutual funds
• C)checking account balances
• D)All of the above are correct.

---

Definitions:

Account Receivable

Money owed to a company by its clients or customers for goods and services provided on credit.

Disclosure Note

Supplementary information provided in financial statements offering additional context or explanation about the figures presented, enhancing transparency.

Contingent Liability

A potential financial obligation that may arise in the future depending on the outcome of a specific event.

Reasonably Possible

A term used in accounting and law to indicate that a future event or condition has a chance of occurring.