Asked by Maryam Ahsan on Jul 07, 2024
Verified
________ is a medium of exchange authorized or adopted by a domestic or foreign government and includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more nations.
A) Domestic currency
B) Foreign currency
C) Embargo
D) Money
Intergovernmental Organization
An entity created by treaty, involving two or more nations, to work on issues of common interest or cooperation.
Money
A medium of exchange that allows the transfer of value, typically in the form of coins and banknotes.
Domestic Currency
The legal currency issued by a country's central bank or monetary authority that is used for transactions within the country.
- Grasp the concept of negotiability and its significance in commercial transactions.
Verified Answer
ZK
Zybrea KnightJul 14, 2024
Final Answer :
D
Explanation :
Money is a medium of exchange authorized or adopted by a domestic or foreign government and includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more nations.
Learning Objectives
- Grasp the concept of negotiability and its significance in commercial transactions.