Currency represents roughly 3/4 of all media of exchange in the United States
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Currency represents only about 1/3 of all media of exchange in the United States.
You might also like to view...
When presenting decreases in long-term investments in the investing activities section of the statement of cash flows, the amount reflected equals the amount of the gain(s) or loss(es) from the transaction(s)
Indicate whether the statement is true or false
If average accounts receivable is $35,000 and net sales total $100,000, what is the receivables turnover?
A) 0.3 times B) 0.4 times C) 2.9 times D) 126 times
The promotion of knowledge-sharing requires complementarity between which of the following:
a. the developmental needs of the employee and the commercial needs of the organisation b. the attitudes of individuals with valuable knowledge c. the working hours of line managers and employees d. the firm’s computer systems
The following will prevent an employee from recovering compensation:
a) assumption of risk b) contributory negligence c) false representations d) injured by another employee e) none