Courtney wants to buy her first house. She has done online research and determined that most houses that have the features she wants cost around $400,000. She hires a real estate agent who helps her find and buy a house for $395,000. Which of the following functions of money does this scenario best describe?

A. measure of value.
B. medium of exchange.
C. counterfeit deterrent.
D. yardstick of value.
E. store of value


measure of value

Business

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Indicate whether the statement is true or false

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Most, but not all, contract rights are assignable

a. True b. False Indicate whether the statement is true or false

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Salespeople often are responsible for representing the customer inside their own company as well as representing their company to the customer.

Answer the following statement true (T) or false (F)

Business

Which of the following is true regarding agency funds?

A. Agency funds are often used to account for property tax collections by county governments for other governments. B. Agency funds report assets and liabilities, but not net position, revenues or expenses. C. Both of the above. D. Neither of the above.

Business