Acct 5996 Study guides, Class notes & Summaries
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ACCT 5996 Chapter 11 Testbank
- Exam (elaborations) • 66 pages • 2022
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1. Money functions as: 
A. a store of 
value. 
B. a unit of 
account. 
C. a medium of 
exchange. 
D. All of 
these. 
2. If you are estimating your total expenses for university next semester, you are using money as: 
A. a medium of 
exchange. 
B. a store of 
value. 
C. a unit of 
account. 
D. All of 
these. 
3. If you place a part of your summer earnings as cash in a safety deposit box, you are employing money 
as: 
A. a medium of 
exchange. 
B. a store of 
value. 
C. a unit of 
account. 
D. All...
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