Money is
A) anything that is generally accepted in payment for goods and services or in the repayment of debt.
B) a flow of earnings per unit of time.
C) the total collection of pieces of property that are a store of value.
D) always based on a precious metal like gold or silver.

Question

Quizplus · Accepted Answer

Money is defined as anything which is widely accepted as a medium of exchange or for the repayment of debt. It includes currency, bank deposits, and other liquid instruments. Money can have different forms, such as physical currency, bank deposits, or even digital currencies. It is not necessarily based on a precious metal like gold or silver, but rather its value is determined by the agreement of the parties involved in the transaction. Money is also a store of value, but it is not the only type of asset that can be a store of value.

Money Is