Money is:
A)equivalent to income
B)equivalent to wealth
C)an asset used as a medium of exchange
D)backed by gold

Name: Money is: A)equivalent to income B)equivalent to wealth C)an asset used as a medium of exchange D)backed by gold
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money is a medium of exchange that allows for transactions of goods and services. While income and wealth are related to money, they are not equivalent to it. Additionally, money is no longer backed by gold in most modern economies.

Money Is