In economics, money is defined as a. the total value of one's assets minus the total value of one's debts, in current prices. b. the total value of one's assets in current prices. c. the total amount of salary, interest, and rental income earned during a year. d. any asset people generally accept in exchange for goods and services.

D. any asset people generally accept in exchange for goods and services.

Explanation:

Money is any asset this is generally accepted by people in the exchange of goods and services.

Characteristics of money

1. Durability: it should retain its usefulness for a long time.

2. Stable - it should be able to retain its value

3. Portable - it should be easy to transport money from one location to another

4. Recognisable- it should be generally recognised by the population as money.

Uses of money

1. Money can be used as a store of value.

2. It can be used as a unit of account. It should be able to be used to value goods and services.

3. Medium of exchange. It can be used to exchange for goods and services.

answer; /// the above statement is (true);

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