A ..... is anything that is generally accepted as a measure of value and wealth.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A ____ is anything that is generally accepted as a measure of value and wealth.

A	medium of exchange
B	standard of value
C	store of value
D	financial institution

Explanation:

Detailed explanation-1: -Money is defined as a unit of measure that is generally accepted and recognized as a medium of exchange in the economy.

Detailed explanation-2: -Money is anything that serves as a medium of exchange. Other functions of money are to serve as a unit of account and as a store of value. Money may or may not have intrinsic value. Commodity money has intrinsic value because it has other uses besides being a medium of exchange.

Detailed explanation-3: -Money serves as a medium of exchange, as a store of value, and as a unit of account.

There is 1 question to complete.