Any item that serves as a medium of exchange is called
A) gold.
B) capital.
C) silver.
D) money.

Question

Quizplus · Accepted Answer

Money is defined as any item that is accepted in exchange for goods and services. Gold and silver have historically been used as money, but they are no longer the primary means of exchange in most societies. Capital refers to assets used to produce goods or generate income, but is not necessarily used as a medium of exchange.

Any Item That Serves as a Medium of Exchange Is