Which of the Following Is the Best Definition of Money

question 171

Multiple Choice

Which of the following is the best definition of money?

• A) anything generally accepted as a payment for goods or repayment of debt
• B) anything that is a liability of the federal government
• C) anything that is a liability of a commercial bank
• D) the outstanding balances of households on credit cards

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Definitions:

S&P 500

A market index representing 500 of the largest companies listed on American stock exchanges.

Pension Funds

Investment pools that collects money from employees for future retirement benefits.

Investment Strategy

A set of rules, behaviors, or procedures designed to guide an investor's selection of an investment portfolio.

Market Prices

Market Prices refer to the current price at which an asset or service can be bought or sold in a particular market.