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.

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Definitions:

Developmental Reasons

Underlying causes or motives related to growth, progress, or change in an individual or organization.

Performance Appraisals

The evaluation process through which employee performance is assessed, typically on an annual or semi-annual basis.

Reliable

The quality of being consistently good in performance, accuracy, or durability, often used to describe products, services, or sources of information.

Valid

Having a sound basis in logic or fact; accurately representing the truth or reality.