Even When a Particular Monetary Asset Is Not Performing One

question 220

Multiple Choice

Even when a particular monetary asset is not performing one of the functions of money well, people still use the asset because

• A)it is still easier than relying on barter.
• B)they have no choice.
• C)once an asset is defined as money it is always money.
• D)people expect money will come back at a later date.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Shareholders

Individuals or entities that own shares in a corporation, thus holding a portion of the company's stock and potentially having a claim on part of its assets and earnings.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the asset's worth under normal market conditions.

Corporate Value

Refers to the worth or value of a company, often measured in terms of its market capitalization, revenue, profitability, and other financial metrics.