Which of the following is a reason why the Japanese yen is considered money?

Question

Quizplus · Accepted Answer

The Japanese yen is considered money because goods in Japan are priced in terms of the yen, and it is the most liquid asset in the Japanese economy. Money is a medium of exchange and a store of value, and the yen fulfills those functions within Japan. The fact that its value has varied over time is not relevant to its status as money. It is also not generally accepted as a medium of exchange in all countries of the world, nor is it backed by silver. And, it is not an asset that lacks liquidity, as it is highly liquid in the Japanese economy.

Which of the Following Is a Reason Why the Japanese