Money as a Means of Payments Refers Only To

question 15

Multiple Choice

Money as a means of payments refers only to:

• A)Actual currency
• B)Coins and currency
• C)Coins, currency and credit cards
• D)Anything that is generally accepted as payment for goods and services

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Definitions:

Normative

Normative relates to an ideal standard or model, often reflecting opinions about what is desirable or how things should be, especially in ethics and economics.

Gasoline

A petroleum-derived liquid mixture consisting mainly of hydrocarbons, used primarily as fuel in internal combustion engines.

Normative

Pertaining to prescriptive assessments or statements that express judgments about what ought to be, as opposed to descriptive statements which detail what is.

Government Spending

The total amount of public expenditure by the government on various services and infrastructure, contributing to the nation's economic activity.