People hold money even during an inflation when other assets prove to be better stores of value. This can be explained by the fact that money:

People hold money even during an inflation when other assets prove to be better stores of value. This can be explained by the fact that money:

a) is always acceptable as collateral by banks for loans

b) Is a unique financial asset that has government backing

c) is a generally accepted medium of exchange

d) all of the above