Question

Something that efficiently functions as a medium of exchange, store of value, and unit of account, is considered ______. A) money Eliminate B) barter C) Government bonds D) commodity futures.

Answer 1

Answer:

The correct answer is a) money

Explanation:

Money is defined as something accepted as means of payment, measure of value or medium of exchange. All other options might work as one or another but none of them meet the three conditions to be considered as money: to be simultaneously a medium of exchange, a store of value and a unit of account.  

Answer 2

Answer:

the correct answer is a)money