Money can BEST be described as
A) anything that is generally accepted as payment for goods and services or in the settlement of debts.
B) paper that can be used to purchase goods and services.
C) commodities that have intrinsic value.
D) any form of wealth possessed by consumers.

Question

Quizplus · Accepted Answer

Money is generally defined as anything that is widely recognized as a method of payment for goods, services, and debts. This can include various forms of currency, such as bills and coins, as well as electronic forms of payment like credit cards and online transfers. Money does not necessarily have to have intrinsic value or be tied to a commodity, as its value is instead based on the belief that it can be exchanged for goods and services.

Money Can BEST Be Described as