Anything that is generally acceptable in trading for goods and services is a:
A) Medium of exchange
B) Capital good
C) Store of value
D) Token money

Question

Quizplus · Accepted Answer

A medium of exchange is anything that can be used to purchase goods and services, such as money or bartering items. Capital goods refer to physical assets used in production, store of value refers to the ability of an asset to hold value over time, and token money is a type of currency that is not backed by a physical commodity.

Anything That Is Generally Acceptable in Trading for Goods and Services