Which of the following statements is true? a. Money is a commodity as well as a medium

Question:

Which of the following statements is true?

a. Money is a commodity as well as a medium of exchange in a conventional mode of financing.

b. Money is not a commodity and is a medium of exchange and store of value in the Islamic mode of financing.

c. In Islamic finance, the concept of the time value of money is used to determine the profit charged on traded goods and services.

d. In the conventional mode of financing, funds disbursed under different financing arrangements do not require the exchange of any sort of goods or services.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)

Answered By

Gauri Hendre

I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.

5.00+ 4+ Reviews 10+ Question Solved

Related Book For answer-question