In economics, money is
A) another term for income.
B) a financial instrument backed by some precious metal such as gold or silver.
C) anything that people generally accept in exchange for goods and services.
D) whatever the government defines it to be.
Correct Answer:
Verified
Q25: A medium of exchange is
A) any asset
Q26: Which function of money allows people to
Q27: Any asset that sellers will accept as
Q28: A measure by which prices are expressed
Q29: Which of the following statements is NOT
Q31: The function of money that allows individuals
Q32: Compared to a barter economy, an economy
Q33: For something to serve as money, it
Q34: The function of money as a store
Q35: Which of the following is NOT one
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