Money is defined as

Question

Money is defined as

Quizplus · Accepted Answer

Money is generally accepted as a medium of exchange for goods and services, as well as repayment of debt. It can take various forms, such as cash, bank deposits, and electronic payments. Money is not risk-free and can lose value due to inflation or other economic factors. It is also created and managed by governments through monetary policy. Bills of exchange, risk-free repositories of spending power, and unrecognized liabilities of governments are not accurate definitions of money.

Money Is Defined as