Which of the following best defines what money is now and what it has been in the past?
A)currency
B)currency plus checking deposits
C)currency plus credit cards
D)anything accepted as a means of payment
E)anything used as a store of value

Question

Quizplus · Accepted Answer

Money is best defined as anything accepted as a means of payment. This definition encompasses not only physical currency, but also digital transactions and any other form of payment that is generally accepted by society. In the past, money may have taken the form of goods or other valuable items that could be used for barter or trade, but today it is much more diverse and includes a wide variety of payment methods such as credit cards, online transfers, and even cryptocurrency.

Which of the Following Best Defines What Money Is Now