As a Standard of Deferred Payment, Money Can Be Used

question 74

Multiple Choice

As a standard of deferred payment, money can be used to:

• A)express debt obligations in the form of purchasing power.
• B)foster barter activity.
• C)facilitate exchanges of goods and services.
• D)achieve a common denominator for measuring the value of goods and services.
• E)ascertain the liquidity of financial assets.

---

Definitions:

Organizational Goal

The strategic objectives that a business or institution aims to achieve within a specific timeframe, guiding its operations and direction.

Nongovernmental Organization

An independent organization not affiliated with any government, usually serving a social or environmental purpose.

Making Money

The process of earning a profit or revenue, typically through business activities, employment, or investments.

Nonprofit Organization

An entity that operates for a purpose other than to make profits for its owners, often focused on social, charitable, or community goals.