Question

Stocks and bonds a. and checking accounts all commonly function as mediums of exchange, but only stocks and bonds are a store of value. b. and checking accounts are all stores of value, but only stocks and bonds commonly function as mediums of exchange. c. and checking accounts are all stores of value and commonly function as mediums of exchange. d. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange.

Answer 1

Answer:

The correct answer is letter "D": and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange.

Explanation:

Stocks, bonds, and checking accounts store value in the form of interest within a specific period of time. However, only checking accounts are mediums of exchange since they are accepted as a standard for transaction purposes by a wide range of merchants. In other words, while making a purchase at a store it is almost impossible to pay with stocks or bonds.