In explaining money to his twelve-year-old, Mike, the president of a small business, said that money is "symbolic." This should be correctly interpreted to mean that money is
A) an artificial device that aids in the exchange of resources for products, services, and resources.
B) a tangible asset.
C) meaningless.
D) abstract rather than practical.
E) beneficial to the buyer, not the seller.

Question

Quizplus · Accepted Answer

Money is an artificial device that aids in the exchange of resources for products, services, and resources. Money represents value and serves as a symbol of worth or purchasing power.

In Explaining Money to His Twelve-Year-Old, Mike, the President of a Small