Money Banking and Financial Institutions
Question 1 of 30
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Which statement best explains why money must be widely accepted to perform its key economic roles in an economy?
Select one option.
A
It prevents inflation by automatically limiting the money supply.
B
It ensures money can serve as a common unit for pricing and settlement across transactions.
C
It guarantees that money will always have intrinsic value.
D
It eliminates the need for financial institutions.
E
It ensures that saving is always more attractive than spending.
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