Money represents anything that can be exchanged for goods and services or for the: a. return of defective goods. b. payment of debt. c. benefits of ownership. d. personal well-being of holders.

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christinamj6571 christinamj6571

30-11-2022
Business

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Money represents anything that can be exchanged for goods and services or for the: a. return of defective goods. b. payment of debt. c. benefits of ownership. d. personal well-being of holders.

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bhawsarsakshi4 bhawsarsakshi4 · Answer 1 · 2022-12-03T06:16:10+01:00

Money represents anything that can be exchanged for goods and services or for the payment of debt. Thus, option B is correct.

What is Money?

Any tangible object or indisputable account that is universally recognized as a purchase for items and services as well as the return of obligations, such as levies, in a certain nation or sociopolitical setting is referred to as money.

Any object or method of trade that is recognized by individuals as compensation for services and products or as a means of debt payments is referred to as money.

The universe revolves around money. Money is essential to nations because it enables trade and fuels financial expansion. Therefore, option B is the correct option.

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