The cost of a burger can be expressed in terms of the number of dollars it takes to buy it. Sam paysâ $10 toâ Bessie's Burgers for getting 2 burgers. Bessie's Burgers accepts theâ $10 bill from Sam because of the belief that the bill will still be accepted as a form of payment after a decade.
(a) It is difficult forâ Bessie's Burgers to hire Sam and pay him in the form of burgers.
Define the following:
1. Store of value
2. Medium of exchange
3. Unit of account.
(b) Which of the following statements regarding the types of money isâ true?

A. Modern societies use money that is not backed by a physical commodity.
B. Paper money existed throughout human history.
C. Fiat money is valuable in and of itself.
D. Fiat money was invented in 1000 AD.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."

Iam pretty sure a because if u are exiting you need to know the exit plan