One principle that nearly all economists agree on when defining money is that it should be
A)spendable.
B)liquid.
C)accepted as payment.
D)easily transferable.
E)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the given choices are characteristics of an ideal form of money. For a medium of exchange to be useful and widely accepted, it needs to be spendable, liquid, easily transferable, and accepted as payment. Therefore, all of the options listed are correct when defining money.

One Principle That Nearly All Economists Agree on When Defining