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.