Money is:
A) the set of all assets regularly used to purchase goods and services.
B) the amount of currency in our economy.
C) controlled by the supply and demand of goods and services.
D) anything used to buy goods and services if it is not a good itself.

Question

Quizplus · Accepted Answer

Money is not just limited to physical currency, but also includes assets such as bank deposits and credit that are regularly used to buy goods and services. Therefore, choice A is the most accurate definition. Choice B is too limited, as there are many forms of money beyond physical currency. Choice C is describing how the economy as a whole functions, but not necessarily what money is. Choice D is not accurate, as goods themselves cannot be used to buy other goods and services.

Money Is