Question

Money is always based on a precious metal like gold or silver. anything that is generally accepted in payment for goods and services or in the repayment of debt. a flow of earnings per unit of time. the total collection of pieces of property that are a store of value.

Answer 1

Answer: Option(B) is correct.

Explanation:

Money is a term or instrument that is generally used in making transaction of goods and services. Individuals use money as a medium of exchange, unit of value and for making standard deferred payments. It is easy to store money. We can easily measure the value of goods and services in terms of money. Now days, money is normally utilized as a medium of exchange.