Question

5.___ money is accepted as a medium of exchange because of the trust
between the payer and the payee.​

Answer 1

Answer:

economic money is accepted as a medium of exchange because of the trust between the payer and the payee.

Answer 2

Concept Introduction:

Money is a good that is widely acknowledged as a means of economic exchange. It is the primary indicator of wealth and the means by which pricing and values are conveyed. As money, it travels anonymously from one person to another and from one nation to another, allowing commerce.

Explanation:

We have been given a question about the exchange of money

We have to find out money that is accepted as a medium of exchange because of the trust between the payer and the payee.

The correct option is fiduciary money. Any activity or contract involving trust between people is fiduciary in nature.

Final Answer:

The final answer is fiduciary money

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