What Function Is Money Serving When You Deposit Money in a Savings

question 185

Multiple Choice

What function is money serving when you deposit money in a savings account?

• A)a store of value
• B)a unit of account
• C)a chequable deposit
• D)a medium of exchange

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Definitions:

Cash Flow Amounts

The net amount of cash and cash-equivalents being transferred into and out of a business.