Question

What is generally accepted by the people in exchange of goods and services?

Answer 1

Answer:

In its broadest sense, money is anything generally accepted in exchange for goods and services. In other words, money is defined by the functions it serves in the economy. ... Third, money is a medium of exchange, which means it is generally accepted as a method of payment.

Answer 2

Answer:

MONEY

Explanation:

Money is anything that is generally accepted by the people in exchange of goods and services.

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