What Characteristic Defines Something as Money

question 128

Multiple Choice

What characteristic defines something as money?

• A) assets declared by the government to be of value
• B) a medium of exchange widely accepted in an economy
• C) notes you can deposit in a savings account
• D) an asset that earns interest

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Definitions:

Freer International Trade

The reduction or elimination of barriers to exchange and trade between countries, such as tariffs and quotas.

Trade Barriers

Measures implemented by countries to regulate or limit international trade, including tariffs, quotas, and non-tariff barriers.

Political Will

The commitment of political leaders to undertake actions and policies, especially those that are difficult or controversial, to achieve specific outcomes.

Political Will

The dedication or commitment of policymakers to achieve specific economic, social, or political goals.