Which of the following counts as part of money?
A) $10,000 of corporate bonds
B) $10,000 of gold bars
C) $10,000 in a checking account
D) $10,000 of government bonds

Question

Quizplus · Accepted Answer

Money refers to any asset that is generally accepted as payment for goods and services or in the repayment of debts. Only choice C, $10,000 in a checking account, qualifies as part of money as it can easily be used for transactions. The other choices, corporate bonds, gold bars, and government bonds, may have value but are not generally accepted as payment for goods and services.

Which of the Following Counts as Part of Money