Money as a medium of exchange refers only to
A)currency.
B)gold coins.
C)anything that is generally accepted as payment for goods and services.
D)checks at commercial banks.

Question

Quizplus · Accepted Answer

Money as a medium of exchange refers to anything that is generally accepted as payment for goods and services, including currency, checks, credit cards, and other forms of payment. Gold coins are not the only form of money used in modern economies.

Money as a Medium of Exchange Refers Only to