What is the "medium of exchange" function of money?
A) a common measurement of the relative value of different goods and services
B) the ability of money to hold value over time
C) the quality of money not to be hoarded because of its commodity value
D) the function of money to be widely accepted I exchange for goods and services

Question

Quizplus · Accepted Answer

The medium of exchange function of money refers to its ability to be widely accepted in exchange for goods and services. This allows individuals to easily trade and conduct transactions without the need for bartering or exchanging goods directly.

What Is the "Medium of Exchange" Function of Money