Bill has been saving money from each of his paychecks in a separate account at his local credit union he calls his "fun money".
Bill has saved $1,000 and is starting to think about ways he may use his fun money. He knows that $1,000 could afford him a nice vacation to the mountains for a few days, or the new tires he wants for his truck. He has also considered spending the money on repainting his home. The possibilities seem endless!
Which function (s) of money is BEST represented by Bill's $1000 fun money?
A. unit of account
B. medium of exchange
C. unit of account and store of value
D. medium of exchange and store of value
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Bill has been saving money from each of his paychecks in a separate account at his local credit union he calls his "fun money". Bill has ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements relating to attest and assurance services is not correct? Multiple Choicea. Independence is an important attribute of assurance service providers. b.
Answers (1)
What are some ways you think Panera bread earns the trust of its public
Answers (1)
Nick's Enchiladas Incorporated has preferred stock outstanding that pays a dividend of $3 at the end of each year. The preferred sells for $35 a share.
Answers (1)
What did mr. burgundy's license plate say
Answers (1)
What is the name of the strategy that involves selling off land and buildings to raise needed cash, pruning product lines, closing marginal businesses, closing obsolete factories, automating processes, reducing the number of employees, and
Answers (1)
New Questions in Business
Guardrails should be installed along all open sides and ends of scaffolding before use. A. False B. True
Answers (1)
A fire destroys all of the merchandise of Coronado Company on February 10, 2017. Presented below is information compiled up to the date of the fire: Inventory, January 1, 2017 $423,300 Sales revenue to February 10, 2017 1,924,500 Purchases to
Answers (1)
How should you use operating costs when calculating incremental cash flows? Group of answer choices: A. Do not subtract operating costs, and then subtract taxes on operating income before operating costs. B. Subtract operating costs. C.
Answers (1)
The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $ 35,000 Net cash flow used for investing activities (20,000) Net cash flow used for financing activities 60,000 Ending cash balance
Answers (1)
Gates Corporation reported the following information concerning its direct materials: Direct materials purchased (actual) $ 673,000 Standard cost of materials purchased $ 688,000 Standard price times actual amount of materials used $ 444,000 Actual
Answers (1)