Select ALL of the following statements that are false:
a. Money is a store of value, even if its purchasing power is relatively unstable over time.
b. The ease with which an asset can be exchanged for money or other assets is referred to as liquidity.
c. Credit money is any circulating medium which has little intrinsic value relative to its monetary value.
d. In the future, electronic funds transfer systems may be used to such an extent that a virtually checkless society may result.
Ans: a. Money is a store of value, even if its purchasing power is relatively unstable over time.
You might also like to view...
A transaction is any event that affects the financial position of the business and can be easily estimated
Indicate whether the statement is true or false
An administered VMS coordinates successive stages of production and distribution through ________
A) an automated central control unit B) single ownership C) the combined efforts of all its members D) the establishment of contractual obligations E) the size and power of one of the members