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

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Definitions:

Resilience

The ability to adapt to serious adversity.

Community

A group of people living in the same place or having a particular characteristic in common.

Long-Term Consequences

The extended effects or outcomes that result from actions, decisions, or conditions, often persisting for years.

Abused

Mistreated or harmed, typically in a physical, sexual, emotional, or psychological way.