A Property of an Asset That Makes It Desirable for Use

question 308

Multiple Choice

A property of an asset that makes it desirable for use as a means of settling debts maturing in the future is a(n)

• A) medium of exchange.
• B) unit of accounting.
• C) store of value.
• D) standard of deferred payment.

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Definitions:

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage.

Investment

The purchase of goods, stocks, or other assets in the hope of generating a financial return.

Compounded Quarterly

Compounded quarterly refers to the calculation and addition of interest to the principal sum of an investment or loan on a quarterly basis, accelerating the growth of the investment's value.

RRSP

A Registered Retirement Savings Plan is a Canadian account for holding savings and investment assets, aimed at retirement planning, with certain tax benefits.