____________ is anything generally accepted as a means of paying for goods and services and for paying off debts. It must be easily divisible, so that exchanges can take place in small or large quantities; relatively inexpensive to store and transfer; and reasonably stable in value over time.
A) A financial asset
B) A real asset
C) money
D) barter

Question

Quizplus · Accepted Answer

The description is that of money - easily divisible, relatively inexpensive to store and transfer, and stable in value over time. A is too broad and includes things like stocks and bonds, which may not meet all the criteria listed. B is also too broad and includes things like real estate and commodities, which may not be easily divisible or stable in value over time. D is the opposite of money and involves exchanging goods and services directly without the use of a common medium of exchange.

____________ Is Anything Generally Accepted as a Means of Paying