MONEY IS (A) ANYTHING THAT IS GENERALLY ACCEPTED IN PAYMENT FOR GO...

12) Money is

(a) anything that is generally accepted in payment for goods and services or in the repayment of debt.

(b) frequently—but incorrectly—used synonymously with wealth.

(c) a flow of earnings per unit of time.

(d) all of the above.

(e) only (a) and (b) of the above.

Answer: E

Question Status: Previous Edition