Which of the following is a commonly accepted definition of money? Options: A . &nbspAny good which is commonly used as a store of value B . &nbspAny good which is exchanged for gold at a fixed rate C . &nbspAny good which is acceptable to a bank D . &nbspAny good which is commonly accepted as a medium of exchange

Which of the following is a commonly accepted definition of money?

Question

Which of the following is a commonly accepted definition of money?

Options:

A . Any good which is commonly used as a store of value

B . Any good which is exchanged for gold at a fixed rate

C . Any good which is acceptable to a bank

D . Any good which is commonly accepted as a medium of exchange

Answer: Option D
:
D
Any commodity that is accepted as a medium of exchange is money.

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