Whatever functions as money must be _____.

A) authorized by the government
B) accepted as deposit by banks
C) backed by precious metals like gold or silver
D) completely indestructible
E) limited in supply

Functions As Money

This refers to the various roles that money plays in an economy, including serving as a medium of exchange, a unit of account, and a store of value.

Authorized

Authorized refers to something that has been officially approved or sanctioned, often related to authority or permissions in a legal, professional, or organizational context.

Precious Metals

Metals of high economic value, such as gold, silver, and platinum, often used as investments or in manufacturing.