Question

______ are stocks and bonds representing secured or asset-based claims by investors against issuers.

A. Commodities
B. Securities
C. Private placements
D. IPOs

Money frees society from a system of barter. In so doing, money is performing which of the following functions?

A. Medium of exchange
B. Unit of account
C. Store of value
D. Determination factor

Answer 1

Private placements are stocks and bonds representing secured or asset-based claims by investors against issuers.

Money frees society from a system of barter. In so doing, money is performing which of the following functions? Medium of exchange

Answer 2

1) C

2) A

Step-by-step explanation: