Which of the following is the best example of money?
A)phone card
B)checkable deposit
C)credit card
D)gold
E)share of Intel stock

Question

Quizplus · Accepted Answer

Checkable deposit is the best example of money because it is widely accepted as a medium of exchange, a store of value, and a unit of account. It can be easily and conveniently used to purchase goods and services, and it can be withdrawn as cash or transferred to other accounts. Phone cards, credit cards, gold, and shares of stock are not as widely accepted as a means of payment and do not have the same level of liquidity as checkable deposits.

Which of the Following Is the Best Example of Money