Money is used for buying and selling goods and is therefore considered what?Multiple choice question.A medium of exchangeNot very liquidDebtA demand (chequable) deposit
Question
Money is used for buying and selling goods and is therefore considered what?Multiple choice question.A medium of exchangeNot very liquidDebtA demand (chequable) deposit
Solution
The correct answer is A. Money is considered a medium of exchange. This is because it is used to buy and sell goods or services. It is a tool that allows people to trade goods and services indirectly, it helps in the exchange of goods and services in an economy.
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