For an Asset to Be a "Means of Payment" Means

question 197

Multiple Choice

For an asset to be a "means of payment" means the asset

• A)is valuable and backed by gold.
• B)is valuable and backed by the government.
• C)can be used to settle a debt.
• D)requires a double coincidence of wants.
• E)must be used when bartering.

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Definitions:

Passion

A strong, intense emotion or enthusiasm for something.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Accompanied

Being in the company of someone else or being present with another entity or object.

Successful

Achieving intended goals, whether in personal accomplishments, career, or other areas of life.