What is Money?

A specific currency issued by a government

Physical goods that are used as a medium of exchange

A barter system where goods are exchanged for other goods

Anything that is widely accepted as a means of payment (correct)

Physical goods like eggs and chicken meat (correct)

Gold and silver coins

Precious gems

Paper money

People can choose what they want to use as money

Money is a medium of exchange

Money is always in the form of physical currency (correct)

Money is widely accepted as a means of payment

<p>Money is anything that is widely accepted as a means of payment</p> Signup and view all the answers

<p>Goods such as eggs and chicken meat</p> Signup and view all the answers

<p>Money is only valuable if it is made of gold or silver</p> Signup and view all the answers