Money, like other assets such as durable goods, stocks, and bonds is a way of transferring purchasing power from the present to the future but money is different from these other assets because it is a medium of exchange while the other assets are not.

Question

Quizplus · Accepted Answer

Money is different from durable goods, stocks, and bonds because it can be used as a medium of exchange in transactions, while those other assets cannot.

Money, Like Other Assets Such as Durable Goods, Stocks, and Bonds