In one sentence, explain the characteristic of money known as acceptability.

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asked Dec 1, 2024 209k views

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Ruchita Sheth · Answer 1 · 2024-12-02T20:30:57+0000

Acceptability pertains to the widespread acknowledgment and readiness of individuals and enterprises to embrace money as a means of trade in various transactions.

Sudheesh R · Answer 2 · 2024-12-04T22:04:23+0000

The characteristic of money known as acceptability refers to the universal agreement that money is a widely accepted medium of exchange for goods and services.

In one sentence, explain the characteristic of money known as acceptability.

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