Money is any commodity or token that
A)is generally accepted as a means of payment.
B)is backed up and controlled by the government.
C)is naturally accepted by households to accumulate wealth.
D)does not change in value over time.
E)is backed by gold.

Question

Quizplus · Accepted Answer

Money is generally accepted as a means of payment, which means that it can be used to buy goods and services, settle debts, and pay taxes. While governments may back and control money, this is not a requirement for something to be considered money. Money can also fluctuate in value over time and is not necessarily backed by gold.

Money Is Any Commodity or Token That