For an asset to be considered money, it must be:

Name: For an asset to be considered money, it must be:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money serves three main functions: as a medium of exchange, providing a common measure of value or unit of account, and as a store of value. For an asset to be considered money, it must be able to serve all three functions. Therefore, choice A is correct as it encompasses all three criteria. Choices B, C, and D are incorrect as they do not provide a comprehensive definition of money.

For an Asset to Be Considered Money, It Must Be