Money Is

question 201

Multiple Choice

Money is

• A) an asset that is widely accepted as a means of payment in the economy
• B) any asset that is convertible into cash
• C) an asset that is backed by a precious metal such as gold or silver
• D) any financial asset created and issued by government
• E) anything used to pay for goods and services,including currency,checks,and credit cards

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Definitions:

Northern States

Referring to states located in the northern part of a country, often used in the context of the United States during the Civil War era, which were opposed to slavery.

Major Issues

Significant problems or debates that are of widespread concern within a society or political system.

Repayment of Debts

The process of paying back money borrowed from lenders, which can involve regular payments of principal and interest over a specified period.

Foreign Trade

The exchange of goods and services across international borders or territories, influencing a country's economy.