When Prisoners Use Cigarettes or Some Other Good as Money,cigarettes

question 73

Multiple Choice

When prisoners use cigarettes or some other good as money,cigarettes become

• A)commodity money,but do not function as a unit of account.
• B)commodity money and function as a unit of account.
• C)fiat money,but do not function as a unit of account.
• D)fiat money and function as a unit of account.

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Definitions:

Earnings Announcement

The public declaration of a company's profitability for a specific period, often impacting its stock price.

Credit Risk

The risk that a lender may not receive the owed principal and interest, leading to disrupted cash flows and increased costs for collections.

Quarterly Cash Flows

The movement of cash into and out of a business over a three-month period, often used to indicate the company's liquidity, efficiency, and financial health.

Technology Companies

Firms that produce or provide technology products and services, including software development, electronics manufacturing, and information technology services.