Consider the following items:
A) Gold Coins
B) Grocery Store Coupons
C) Funds in a checking account
D) Funds in a savings account
E) 100 shares of Google stock
F) Food Stamps
1. Which of these items is the best example of money?
2. Which is the worst?
3. How would you order the list from most money-like to least money-like? Explain your reasoning.

Respuesta :

Answer:

1. A) Gold coins

2. B) food stamp

3. Gold coins

Funds in a checking account

Funds in a savings account

100 shares of Google stock

Grocery Store Coupons

Food stamps

Explanation:

Money is legal tender that is generally acceptable for transaction within a geographical location mostly a country.

Gold coins is a form of money that is accepted it can be use for transaction immediately.

Funds in checking and savings accounts :-money is available but not in cash or coin, a card is needed to make of the money.

100 shares of google stock:- this is an investment that will yield dividend over a period of time, its not available for use at the moment.

Grocery store coupons is restricted to a specific grocery store and has no value outside.

Food stamp is not generally acceptable outside the designated points.