If individuals will no longer take a currency as a method of payment,is it still considered to be money?
A) Yes, because the government identifies it as legal tender.
B) Yes, because one of the characteristics of money is that it can be also used as a measure of value.
C) No, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.
D) No, because it becomes just a commodity.
Correct Answer:
Verified
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