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:

Building Goodwill

The process of creating positive feelings or attitudes towards oneself or an organization, often by being kind or helpful.

Your Convenience

A phrase often used to suggest a time or place that is easy and suitable for someone to meet or do something.

General Favorable

An overall positive or advantageous condition or situation.

Relevant Material

Content or information that is directly related to the topic at hand and contributes to its understanding or discussion.