Anything accepted by a society to purchase goods and services or resources is called:

Question

Quizplus · Accepted Answer

Money is the generally accepted medium of exchange in a society to purchase goods, services, or resources. Cash is a type of money, but not all types of money are physical cash. Barter refers to trading goods or services directly, without using money. Capital refers to the assets used to produce goods or services, such as buildings, equipment, and investments. Therefore, the best choice is D, as it encompasses the concept of money as a medium of exchange.

Anything Accepted by a Society to Purchase Goods and Services