Which of the following is the best definition of money?

a. Gold.

b. An obligation between the parties to a transaction.

c. Any medium of exchange.

d. Any commodity or token that is generally accepted as a means of payment.

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Romarie Khazandra MarijuanLv10

12 Nov 2020

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		A social arrangement that governs the ownership, use, and disposal of anything that people value.
		An economical unit that hires production factors and organizes those factors to produce and sell goods and services.
		Any arrangement that enables buyers and sellers to get information and to do business with each other.
		Any commodity or token that is generally accepted as a means of payment.
		A medium of exchange.