Question

Money A. facilitates specialization in production. B. is anything that is regularly used and generally accepted in economic transactions or exchanges. C. is anything the government declares to have value. D. is necessary to conduct economic transactions.

Answer 1

The correct answer is B

Step-by-step explanation:

Money is the term which is defined or described as any good which is used widely as well as accepted in the transactions comprising the transfer of goods as well as services from oner person to another.

The money could be differentiated among three kinds which are as: bank, commodity money and fiat money.

So, the money is states as anything which is used regularly as well as accepted generally in the economic exchanges or transactions.