Knowee
Questions
Features
Study Tools

Multiple Choice QuestionWhich of the following is NOT considered to be a form of money?Multiple choice question.Chequebook moneyAir Canada stockCoinsPaper money

Question

Multiple Choice QuestionWhich of the following is NOT considered to be a form of money?Multiple choice question.Chequebook moneyAir Canada stockCoinsPaper money

🧐 Not the exact question you are looking for?Go ask a question

Solution

The correct answer is "Air Canada stock".

Here's why:

  1. Chequebook money: This is considered a form of money because it represents a promise to pay a certain amount of money to the person or entity named on the cheque. It's a form of money substitute, not physical money, but still considered as money.

  2. Air Canada stock: This is not considered a form of money. Stocks represent ownership in a company and can be bought or sold for money, but they are not money themselves. They are financial assets, not money.

  3. Coins: These are considered a form of money because they are a medium of exchange, a unit of account, and a store of value. They are physical money.

  4. Paper money: This is considered a form of money because, like coins, it is a medium of exchange, a unit of account, and a store of value. It is also physical money.

This problem has been solved

Similar Questions

Multiple Select QuestionSelect all that applyIn present times, which of the following constitutes a form of money?Multiple select question.Coinsnotes (paper money)Government bondChequing deposit

Money is a Blank______ of some item or group of items.Multiple choice question.functionflowstockcheckable deposit

Multiple Choice QuestionA written promise from one company to another to pay a specific amount of money is the definition of ______.Multiple choice question.marketable securitiesTreasury billscommercial papercommercial certificates of deposit

Multiple Choice QuestionThe study of money: how it's managed by individuals, companies, and governments is known as Blank______.Multiple choice question.financeaccountingexchangebanking

Multiple Choice QuestionBlank______ value is the value today of an amount of money to be received in the future.Multiple choice question.CompoundFuturePastPresent

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.