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If Individuals Will No Longer Accept a Currency, Is It

Question 248

Multiple Choice

If individuals will no longer accept a currency, is it still considered to be money?


A) ​No, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.
B) ​No, because of Gresham's Law.
C) ​Yes, because the government identifies it as legal tender.
D) ​Yes, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.

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