A Good Can Serve as Money Only If

question 276

Multiple Choice

A good can serve as money only if

• A)government mandates that the good must be accepted in payment of debts.
• B)it is declared by authorities to be legal tender.
• C)it has intrinsic value or if it is backed by precious metals.
• D)citizens accept the good as a means of payment for transactions and debts.

---

Definitions:

Critical Distance

The ability to analyze and assess a subject or situation objectively without bias.

Functional Autonomy

The concept that behaviors can become detached from their original motives and gain new ones; often discussed in psychology and behaviorism.

Verstehen

A method in sociology for understanding social behavior by putting oneself in the place of others.

Social Behavior

Actions and interactions among individuals within a society, shaped by social norms, cultures, and structures.