Which of the Following Best Fits the Definition of Money

question 117

Multiple Choice

Which of the following best fits the definition of money?

• A)gold
• B)any commodity or token that is generally acceptable as a means of payment
• C)an obligation between the parties to a transaction
• D)any unit of account
• E)any medium of exchange

---

Definitions:

Data Collection Methods

Various approaches and techniques used to gather information or data for analysis, including surveys, experiments, and observational studies.

Definitive Conclusion

A definitive conclusion is a final determination or decision reached based on evidence or data, leaving no room for doubt or ambiguity.

Nominal Data

Data classified into categories that cannot be ordered in a meaningful way. Each category is mutually exclusive.

Gender

Represents a category of either male, female, or other, used to distinguish between biological and social differences in individuals.