The confidence you have that a retailer will accept dollars in exchange for goods is based primarily on money
A)being a unit of account.
B)being a medium of exchange.
C)serving as a store of value.
D)having intrinsic value.

Question

Quizplus · Accepted Answer

The confidence that a retailer will accept dollars in exchange for goods is based on money being a medium of exchange, meaning it is accepted as a means of payment in transactions. Money's status as a unit of account and a store of value may also contribute to its acceptance, but its primary function as a medium of exchange is what gives it its value in everyday transactions. Money does not have intrinsic value, as its worth is determined by market demand and government policies.

The Confidence You Have That a Retailer Will Accept Dollars