Which of the Following Is NOT a Function of Money

question 123

Multiple Choice

Which of the following is NOT a function of money?

• A) medium of exchange
• B) form of credit
• C) store of value
• D) standard of deferred payment

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Definitions:

Internal Rate of Return (IRR)

The yield rate at which all of a project's cash flows' net present value becomes null.

Required Return

The minimum expected return an investor views as acceptable for an investment, based on its risk level.

Depreciation Rate

The rate at which an asset loses its value over time, often used for tax and accounting purposes to spread the cost of an asset over its useful life.

Average Accounting Return (AAR)

This is a financial metric used to assess the profitability of an investment, calculated by dividing the average net income by the average investment.