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:

Increasing Number

A term indicating a rising count or quantity of a particular group or phenomenon.

Cuban Refugees

Individuals who flee Cuba, often due to political persecution or economic hardship, seeking refuge in another country.

Federal Government

The Federal Government is the national government of a federated state, which is responsible for the country's overall governance, including law-making, defense, and foreign affairs.

Rundown Neighborhoods

Areas of a city that are in poor condition, with dilapidated buildings and often associated with higher crime and poverty rates.