In comparing money to a U.S.Treasury bond held by an individual, we can say:
A)The Treasury bond is an asset but money is not
B)Money is an asset but the U.S.bond is a liability of the individual
C)Both are stores of value
D)Money is a store of value but the bond is not

Question

Quizplus · Accepted Answer

Both money and a U.S. Treasury bond held by an individual are stores of value. Money can be used to purchase goods and services, while a U.S. Treasury bond can be sold on the market for its cash value. In both cases, the individual has a means of preserving wealth for future use. Option A is incorrect because money is considered an asset, as it is a form of wealth that can be exchanged for goods and services. Option B is incorrect because the U.S. bond is not a liability of the individual, but rather an asset. Option D is incorrect because both money and the U.S. bond are stores of value.

In Comparing Money to a U