Multiple Choice QuestionAnything that can be used for payment of goods and services is defined as ______.Multiple choice question.bartermoneytradefinance
Question
Multiple Choice QuestionAnything that can be used for payment of goods and services is defined as ______.Multiple choice question.bartermoneytradefinance
Solution
The correct answer is: money.
Explanation: In the context of payment for goods and services, money is the medium that is universally accepted. Barter is an ancient method of exchange where goods or services were directly exchanged for other goods or services without using a medium like money. Trade is a broader term that involves the exchange of goods and services which can be facilitated by money. Finance is a field that deals with the study of investments, money and revenue management.
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