Which of the following statements is true of money?
A)It is not a gold-backed currency.
B)It is not readily convertible to precious metal.
C)It is anything accepted in exchange for goods and services.
D)It is exclusively dispatched through automated teller machines.
E)It needs to be accompanied by a government "note" or promise to be considered valid.

Question

Quizplus · Accepted Answer

Money is anything that is generally accepted as a medium of exchange for goods and services.

Which of the Following Statements Is True of Money