What do economists use the word "money" to refer to?
A) income generated by the production of goods and services
B) those assets regularly used to buy goods and services
C) the value of a person's assets
D) the value of stocks and bonds

Question

Quizplus · Accepted Answer

Economists use the term "money" to refer to those assets that are regularly used to buy goods and services. This includes physical currency, such as coins and bills, as well as digital forms of payment, such as debit cards and online banking. Income generated by the production of goods and services (A) is not the same as money, although it may be used to acquire money. The value of a person's assets (C) and of stocks and bonds (D) are also not the same as money, as they may not be easily convertible into the form of currency that can be used to buy goods and services.

What Do Economists Use the Word "Money" to Refer To