Whatever a society uses as money, the distinguishing characteristic is that it must a. be generally acceptable as payment for goods and services or in the repayment of debt. b. be produced by the government. c. contain gold. d. be completely inflation proof.

The right answer is: A

Explanation:

Currency in some form has been in use for at least 3,000 years. Money, usually in the form of coins, proved to be crucial to facilitating trade across continents. Currency is an accepted form of payment, usually issued by a government and circulated within its jurisdiction.

In modern days, the currency is money. Money is a medium of exchange; it allows people to obtain what they need to live. Like gold and other precious metals, money has worth because it represents something of value, in itself is worthless. That is, bills are pieces of paper.

Many are the characteristics of money, one of the most important is that it must be acceptable. If we are to do business then we must ensure that the business enables that the exchange that occurs is acceptable in terms of the value that we are to receive.

It is not necessary that the production of money must be made by a government, and it is not inflation-proof. Money deflates as inflation rates increases.

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