Which of the following statements about money is not true?
A) A debit card is not really money because it is only a means of transferring money between accounts.
B) All the wealth that people hold, in whatever form, should be considered as money.
C) Wealth held in the current account you hold with your bank is almost as convenient for buying things as wealth held in your wallet, so the wealth in current accounts should be included in measures of money.
D) In a complex economy it is not easy to draw a clear dividing line between assets that should be considered as money and those that should not.

Question

Quizplus · Accepted Answer

Not all wealth should be considered as money because wealth can include non-monetary assets such as property or stocks. Only assets that are generally accepted as a medium of exchange should be considered as money.

Which of the Following Statements About Money Is Not True