Money is
A) valuable because it is backed by gold.
B) whatever is generally accepted in exchange for goods and services.
C) anything that is a liability of a commercial bank
D) an object to be consumed.

Question

Quizplus · Accepted Answer

Money is a medium of exchange that is accepted by societies in order to facilitate buying and selling goods and services. It can take the form of paper currency, coins, or digital currency. Money is not necessarily backed by gold or any tangible asset, and it is not typically consumed like a physical object.

Money Is