The Criterion for Including an Asset in Any Measure of Money

question 53

Multiple Choice

The criterion for including an asset in any measure of money is whether it is:

• A) used for transactions and highly liquid.
• B) used as a store of value.
• C) used as collateral for loans.
• D) stable and durable.

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Definitions:

International Legal Environment

The complex framework of laws, regulations, and treaties that govern international business transactions and relations.

Precautions

Measures taken in advance to prevent potential dangers or problems.

Economic Espionage Act

A U.S. law that makes the theft or misappropriation of a trade secret a federal crime when intended to benefit a foreign government, foreign instrumentality, or foreign agent.

Trade Secrets

Confidential business information that provides an enterprise a competitive edge and is often not disclosed to the public.