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3 years ago

Which of the following is not a characteristic of money?

Business

1 answer:

Llana [10]3 years ago

7 0

Answer:

This question is incomplete, here are the missing answers:

a. medium of exchange

b. unit of account

c. backed by a precious metal

d. store of value

The answer is c.

Explanation:

Money has three general functions (characteristics):

- medium of exchange - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.

- unit of account - In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.

- store of value - Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.

According to basic elimination, c. is the correct answer. Also, it is also known that backing money with gold or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called fiat money.

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cupoosta [38]

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3 years ago

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Explain what is meant by "Information Technology (IT) flattens organizations?

Shalnov [3]

Answer: The answer is given below

Explanation:

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3 years ago

PLS HELP!!! Credentials are an official verification, from an accredited source, attesting to capability.

romanna [79]

Answer:

False

Explanation:

Credentials are an official verification, from an accredited source, attesting to capability. Credentials are an official verification, from an accredited source, attesting to capability.

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3 years ago

Which of the following statements is(are) true? I. Many firm experience a life cycle characterized by non-constant growth. II. F

Genrish500 [490]

Answer: both I and II are TRUE

Explanation:

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3 years ago

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You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $350,000; auto loan, $18,

Stells [14]

Answer:

$202,200

Explanation:

DINK (double-income no kids): It suggest to add half all the marriage debt to the funeral expenses:

To the funeral expenses you will add half of the debts:

350,000 / 2 = 175,000 for mortgage

18,600 / 2 = 9, 300 for atomobile loan

5,200 / 2 = 2,600 for credit card debt

9,800 / 2 = 4, 900 other debt

funeral exp 10, 400

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4 years ago