If Individuals Will No Longer Accept a Currency, Is It

question 248

Multiple Choice

If individuals will no longer accept a currency, is it still considered to be money?

• A)​No, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.
• B)​No, because of Gresham's Law.
• C)​Yes, because the government identifies it as legal tender.
• D)​Yes, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.

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Definitions:

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