The Computer Now Allows the Instantaneous Transfer of Billions of Dollars

question 54

Multiple Choice

The computer now allows the instantaneous transfer of billions of dollars from one country to another. One of the concerns of governments about this easy transferring of digitized money is that ________.

• A) the money would be easily lost
• B) there are few traces for government to follow
• C) the money could be put into the wrong accounts
• D) the money is easily counterfeited

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Definitions:

Sales

The total amount of goods or services sold by a company, contributing to its revenue.

Balance Sheet

A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.

Acid Test Ratio

A financial metric that evaluates a company's ability to pay off its current liabilities with quick assets like cash, marketable securities, and accounts receivable.