Suppose You Pay $450

question 244

Multiple Choice

Suppose you pay $450.00 for a new tablet device. This is an example of

• A) money as a medium of exchange.
• B) money as a store of value.
• C) barter.
• D) money as a standard of deferred payment.

---

Definitions:

Tax Rates

The percentage of income or value of goods taxed by the government.

Indentures

Indentures are formal debt agreements or contracts specifying the terms of a bond issue, including the interest rate, maturity date, and other conditions.

Covenants

Legal agreements or conditions included in contracts such as bonds or loans that dictate certain actions the issuer or borrower must perform or avoid.

Dividends

Distributions of a portion of a company's earnings decided by the board of directors to its shareholders.