trinityprescott
Answered

To say "money is what money does" means that

A. money has been defined in a Constitutional amendment.
B. whatever performs the functions of money extremely well is considered to be money.
C. society, acting through Congress, specifies what shall be included in the money supply.
D. the money supply includes all public and private securities purchased by society.



Answer :

GinnyAnswer

Final answer:

Money is defined by its functions as a medium of exchange, unit of account, and store of value.


Explanation:

Money is what money does means that whatever performs the functions of money extremely well is considered to be money. Money, as defined by economists, serves as a medium of exchange, unit of account, and store of value. It is not the physical form that matters, but rather the social convention that it is widely accepted as a means of payment.


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