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In one sentence, explain the characteristic of money known as acceptability.

User Valeriya
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Acceptability pertains to the widespread acknowledgment and readiness of individuals and enterprises to embrace money as a means of trade in various transactions.
User Ruchita Sheth
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The characteristic of money known as acceptability refers to the universal agreement that money is a widely accepted medium of exchange for goods and services.

User Sudheesh R
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