Even economists have no single, precise definition of money because ________.
A) money supply statistics are a state secret
B) the Bank of Canada does not employ or report different measures of the money supply
C) the "moneyness" or liquidity of an asset is a matter of degree
D) economists find disagreement interesting and refuse to agree for ideological reasons

Question

Quizplus · Accepted Answer

The "moneyness" or liquidity of an asset is a matter of degree, and thus there is no single, precise definition of money that is universally accepted among economists.

Even Economists Have No Single, Precise Definition of Money Because