For Something to Be Considered Money It Must Be

question 143

Multiple Choice

For something to be considered money it must be:

• A)Can be used to barter.
• B)A government declares to have value.
• C)Has value.
• D)Generally accepted as a medium of exchange.

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Definitions:

Rising Prices

Rising prices refer to the phenomenon where the general level of prices for goods and services in an economy increases over time, often indicative of inflationary pressures.

Investment Tax Credit

Investment tax credit is a tax incentive that reduces the tax liability of businesses for specific investments in assets or projects, encouraging capital investment.

Aggregate Supply

The total amount of goods and services that producers are willing and able to supply at different price levels in an economy over a specific time period.

Aggregate Demand

Total requirement for all products and services in an economy, factored at a certain overall price level during a designated period.