Whatever Serves as a Medium of Exchange Is _____

Multiple Choice

Whatever serves as a medium of exchange is _____

A) generally accepted in return for goods and services.
B) money as long as it is also the best such medium of exchange available.
C) money as long as it is the most widely used currency.
D) money as long as it is not also legal tender.
E) not money unless it continues to be backed by its issuing institution.