Money is whatever society says it is. This statement acknowledges that multiple choice 2money is the only medium that can be exchanged for goods and services.money must be an acceptable medium for exchange to occur.money creates a demand for goods.money is accepted if it is the currency of the country.

Money is used for buying and selling goods and is therefore considered what?Multiple choice question.A medium of exchangeNot very liquidA checkable depositDebt

. People often say they would like to have more money, but what they usually mean is that they would like to have more goods and services. This statement acknowledges that multiple choice 4people want money and goods.money is used for comparison.money can be used to purchase goods and services, but as an asset money provides little return.if people have to choose between money and goods, they will choose money.

Multiple Choice QuestionWhat is the primary purpose of money in a society?Multiple choice question.To trade one good or service for another good or service of similar valueTo serve as a limited-supply commodity that offers a service of valueTo enable a person or organization to trade money for a good or a serviceTo serve as a value for services

Money is accepted as a(n) of because we are confident it will be exchangeable for real goods and services.

How does money function as a medium of exchange?A.It has a value determined by the government.B.It helps consumers compare the value of products.C.It holds its value over time or when transferred.D.It allows people to more easily buy and sell products.