Whatever a society uses as money,the distinguishing characteristic is that it must
A)be completely inflation proof.
B)be generally acceptable as payment for goods and services or in the repayment of debt.
C)contain gold.
D)be produced by the government.

Question

Quizplus · Accepted Answer

The distinguishing characteristic of money is that it must be generally accepted as payment for goods and services or in the repayment of debt. Money does not necessarily have to be inflation-proof, contain gold, or be produced by the government.

Whatever a Society Uses as Money,the Distinguishing Characteristic Is That