Which one of the following statements is TRUE?
A) Not all forms of currency are accepted equally well by the public as a medium of exchange.
B) Checkable and debitable account balances are not money, but currency is.
C) Checkable and debitable accounts are considered money by law in only 15 states.
D) The value of the dollar rises along with the increases in the consumer price index.

Question

Quizplus · Accepted Answer

Different forms of currency, such as cryptocurrencies or foreign currencies, may not be accepted equally well by the public as a medium of exchange compared to widely recognized currencies like the US dollar or Euro. This is because their value and stability may be perceived as uncertain by consumers and businesses alike.

Which One of the Following Statements Is TRUE