Which of the following is the best definition of money?

Question

Quizplus · Accepted Answer

While all of the choices may be considered as money to some extent, the best definition of money is that it is anything generally accepted as a payment for goods or repayment of debt. This includes coins and currency, bank deposits, and digital forms of payment. Money does not have to be a liability of the federal government or a chartered bank, although those entities may issue forms of money. Therefore, choice D is the most comprehensive and accurate definition of money.

Which of the Following Is the Best Definition of Money