Money is anything which has:

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Common acceptability as a means of exchange

Measure of value

Store of value

All of these

answer is D.

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Detailed Solution

Money is defined as anything which is accepted to make payments. Before money, people used to fulfil their necessities through a barter system with many limitations. Money cuts off all the defects of the barter exchange system. Money has the feature of being accepted as a means of exchange. In India, it is illegal to say no to Indian rupees. No one can refuse to get their payments through a rupee. In addition, money also acts as a measure of value as it is difficult to measure the exact market value of one good in terms of another. Money also serves as a store of value. It is so because money can be stored much longer than grains or other commodities, which start to get rotten or depreciate after some time.

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