____________ 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)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Money is specifically designed to serve as a means of exchange, so it is generally accepted as a method of payment for goods and services. It is divisible, portable, durable, and reasonably stable in value, making it an ideal medium of exchange. Financial and real assets may also be used as a means of payment, but they do not meet all the characteristics required to function effectively as money.

____________ Is Anything Generally Accepted as a Means of Paying