Which of the Following Statements Is NOT True About Money

question 85

Multiple Choice

Which of the following statements is NOT true about money?

• A) Anything that serves as a medium of exchange, as a unit of accounting, as a store of value, and as a standard of deferred payment can be called money.
• B) Money is any medium that is universally accepted by sellers and creditors.
• C) Money is a standard of deferred payment.
• D) Money can only be coins and paper.

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Definitions:

Customer Service

The support and assistance companies provide to their customers before, during, and after a purchase, crucial for customer satisfaction and loyalty.

Trust And Wisdom

Essential qualities in both personal and professional relationships, involving confidence in someone's reliability and soundness in judgment or knowledge.

Business Friendship

A professional relationship that involves mutual interests and cooperation between individuals who may also share a personal rapport beyond formal business interactions.

Personal Friendship

A close and intimate relationship formed between individuals through mutual affection and personal bond.