Question

) In economics, money is defined as A) the total value of one's assets in current prices. B) the total value of one's assets minus the total value of one's debts, in current prices. C) the total amount of salary, interest, and rental income earned during a year. D) any asset people generally accept in exchange for goods and services.

Answer 1

The answer is D.

Step-by-step explanation:

Money is any instrument that is used for the exchange of goods and services. It also functions as:

1. a store of value

2.unit of accounts.

For money to be used as a means of exchange it must exhibit the following; it must be:

1. Durable

2.Divisible

3.Portable

4.Hard to counterfeit

5.Must be generally accepted.