what is meant by the statement "money is a medium of exchange"? a)money is a measure of societal status. b)money is a measure of a product's value. c)money can be traded for goods and services. d)money can be acculumated as a form of wealth.

i put C i just awnsered this on USAtestprep

The correct answer to this question is alternative C)"Money can be traded for goods and services."

When the statements says that money is a medium of exchange, it literally means that it can be exchanged, or traded for something else, be it a service or a specific item. That's precisely what option C reads, and for that reason, it's the correct one.

(202 bc - 220 ad) dynasty started by lui bang; a great and long-lasting rule, it discarded the harsh policies of the qin dynasty and adopted confucian principles; han rulers chose officials who passed the civil service exams rather than birth; it was a time of prosperity

all of the