Definition
Generally acceptable means widely accepted as payment in exchange for goods and services.
Why It Matters
Acceptability is a key characteristic of money.
Example
Using national currency to buy goods.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Generally acceptable means widely accepted as payment in exchange for goods and services.
Acceptability is a key characteristic of money.
Using national currency to buy goods.