In order for something to be used as money,it must be _____.
A)issued by the government
B)issued by banks
C)declared to be money
D)generally acceptable
E)made of something valuable

Question

Quizplus · Accepted Answer

Something can only function as money if it is generally acceptable as a medium of exchange. While government and banks can issue currencies, they only become money when people accept them as such. Valuable materials (such as gold or silver) used as currency can only be considered money if they are widely accepted as a medium of exchange. Therefore, the key criterion for something to be money is its general acceptability.

In Order for Something to Be Used as Money,it Must