Question

In order for money to work properly, individuals and businesses in a country must be willing to receive it as payment for goods and services. This is an element of which characteristic of money?

Answer 1

Acceptability

People that use money must agree that it is a valid medium of exchange; they must accept it

Answer 2

Answer: Value

Explanation:

Money is primarily an exchange for goods and services. In order for money to work properly, individuals and businesses in a country must be willing to receive it as payment for goods and services, but that notion is gradually going down the drain as many people want to make money on a quick basis not minding the means the money comes. When money losses it's value, the product or service also losses it's value