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

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.

3. Which one of the following is not a feature of money?(A) Medium of exchange(B) Lack of divisibility(C) A store of value(D) A unit of account

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.

Which of the following describes the transactions demand for money?Multiple choice question.The money needed to buy goods and servicesThe demand for money as a store of wealthThe demand for money to guard against having a tyre puncture when on holidayThe demand for money as a backup to pay for occurrences that are not regular

The desire of people to hold money as a medium of exchange describes what type of money demand?Multiple ChoiceThe velocity of circulation.The transactions demand for money.The asset demand for money.The investment demand.