Money is considered a _____ because it is generally accepted as payment for goods and services.
A) medium of exchange
B) unit of account
C) store of value
D) barter instrument

Question

Quizplus · Accepted Answer

Money is considered a medium of exchange because it is widely accepted in exchange for goods and services. It facilitates transactions and simplifies trade by serving as a common intermediary between buyers and sellers. The other options - unit of account and store of value - are also functions of money, but they do not fully capture its role as a means of exchange.

Money Is Considered a _____ Because It Is Generally Accepted