The Objects That We Use as Money Today Are

question 60

Multiple Choice

The objects that we use as money today are

• A)checks and credit cards.
• B)currency and checks.
• C)currency and deposits.
• D)deposits and checks.
• E)currency,deposits,and gold.

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Definitions:

Equity

The value of ownership interest in a company, represented by the shares held by investors.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life, representing the wear and tear, deterioration, or obsolescence of the asset.