Money is A) anything that is generally accepted in payment for goods and services or in the repayment of debt. B) a flow of earnings per unit of time. C) the total collection of pieces of property that are a store of value. D) always based on a precious metal like gold or silver.

Question

Darian Olson

Business

30 August, 02:48

Money is A) anything that is generally accepted in payment for goods and services or in the repayment of debt. B) a flow of earnings per unit of time. C) the total collection of pieces of property that are a store of value. D) always based on a precious metal like gold or silver.

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Itchy · Answer 1

Money is anything that is generally accepted in payment for goods and services or in the repayment of debt.

Explanation:

Money is an economic unit that functions for transaction purposes in an economy as a generally recognized medium of exchange. Money can be described as whatever people use to buy goods and services. Money is what a lot of people get for selling their products or services.

Money offers the transaction cost mitigation function, namely the double correlation of wanting. Money originates in a commodity type, having a physical property to be adopted as a medium of exchange by market participants.