The Basic Requirement for an Item to Function as Money

question 29

Multiple Choice

The basic requirement for an item to function as money is that it be

• A) backed by precious metals-gold or silver.
• B) authorized as legal tender by the central government.
• C) generally accepted as a medium of exchange.
• D) some form of debt or credit.

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Definitions:

Nutritionists

Professionals specializing in the study and practice of nutrition and diet planning to promote health and manage diseases.

Dining Hall

A large room where meals are served and eaten, particularly in institutions like schools and universities.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectation.

Mechanical Problems

Mechanical problems refer to issues or failures within the machinery or structural components of a system, impairing its intended function.