If individuals will no longer accept a currency, is it still considered to be money?
A) No, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.
B) No, because of Gresham's Law.
C) Yes, because the government identifies it as legal tender.
D) Yes, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.
Correct Answer:
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