Solved

When Something Is Generally Accepted as a Means of Payment

Question 146

Multiple Choice

When something is generally accepted as a means of payment, such as grain in many traditional societies, we say that this represents


A) money as a medium of exchange.
B) money as a store of value.
C) money as a unit of wealth.
D) an inflationary danger.
E) a government opportunity for social control.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions