Which of the following statements is false?
A) Money can always function as a store of purchasing power, even if its value is relatively unstable.
B) The ease with which an asset can be exchanged for money or other assets is referred to as liquidity.
C) Credit money is any circulating medium which has little intrinsic value relative to its monetary value.
D) In the future, electronic funds transfer systems may be used to such an extent that a virtually checkless society may result.

Question

Quizplus · Accepted Answer

Money cannot always function as a store of purchasing power if its value is unstable. If the value of the money fluctuates too much, it can be difficult for people to use it to store value and plan for the future. Therefore, this statement is false.

Which of the Following Statements Is False