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Why can money be used to complete purchases and settle debts?

A

Money is anything that can be saved by households and exchanged only after its market value rises.

B

Money is anything produced by the government solely to measure the value of goods and services.

C

Money is anything widely accepted for final settlement of debts or payment for goods and services.

D

Money is anything exchanged directly for another good or service without involving a financial institution.

Card 1 of 21

9.4.1 definition, functions and characteristics of money Flashcards

  1. Intl A Level
  2. /Economics
  3. /9.4.1 definition, functions and characteristics of money

21 flashcards on CIE Intl A Level Economics 9.4.1 definition, functions and characteristics of money: the key terms and definitions you need to recall.

Flashcards