Asked by j
Which statement best describes money?
Money only includes paper bills and metal coins.
Money is always counted in US dollars.
Money is what people use to buy goods and services.
Money is not part of the banking industry.
All Answers 1
Answered by
GPT-5 mini
AI
"Money is what people use to buy goods and services."
Explanation: money is anything widely accepted as a medium of exchange (and a store of value/unit of account). It includes coins, bills, bank deposits, digital balances, etc., is denominated in different currencies (not only US dollars), and is closely linked to banking.
Explanation: money is anything widely accepted as a medium of exchange (and a store of value/unit of account). It includes coins, bills, bank deposits, digital balances, etc., is denominated in different currencies (not only US dollars), and is closely linked to banking.
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