The economic definition of money is:_________
A. Any asset that people are generally willing to accept in exchange for goods and services.
B. Anything of value owned by a person or a firm.
C. A good that has intrinsic value.
D. Anything authorized by the government to be used in an exchange.

Money can be defined as an object that is widely used as a medium of exchange in economic transactions. The primary function of money is to act as a medium of exchange for goods and services.

Other than that money also performs a number of secondary functions. It acts as a store of value, unit of account and standard of deferred payments.

Money can be of different types such as commodity money, bank money, and fiat money.

The economic definition of money​ is:_________ A. Any asset that people are generally willing to accept in exchange for goods and services. B. Anything of value owned by a person or a firm. C. A good that has intrinsic value. D. Anything authorized by the government to be used in an exchange.

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The economic definition of money is:_________
A. Any asset that people are generally willing to accept in exchange for goods and services.
B. Anything of value owned by a person or a firm.
C. A good that has intrinsic value.
D. Anything authorized by the government to be used in an exchange.