What characteristic defines something as money?
A) assets declared by the government to be of value
B) a medium of exchange widely accepted in an economy
C) notes you can deposit in a savings account
D) an asset that earns interest

Question

Quizplus · Accepted Answer

While governments may declare certain assets as valuable and certain notes may be depositable and earn interest, the defining characteristic of money is that it is a widely accepted medium of exchange within an economy.

What Characteristic Defines Something as Money