Answer:
D. any asset people generally accept in exchange for goods and services.
Explanation:
Money is any asset this is generally accepted by people in the exchange of goods and services.
Characteristics of money
1. Durability: it should retain its usefulness for a long time.
2. Stable - it should be able to retain its value
3. Portable - it should be easy to transport money from one location to another
4. Recognisable- it should be generally recognised by the population as money.
Uses of money
1. Money can be used as a store of value.
2. It can be used as a unit of account. It should be able to be used to value goods and services.
3. Medium of exchange. It can be used to exchange for goods and services.
