Which of the following is incorrect?
A) Money is wealth but not all wealth is money.
B) Money is a means of payment but is not part of wealth.
C) An asset doesn't have to be a means of payment to be a part of a person's wealth.
D) All items considered wealth can eventually be converted to a means of payment.

Question

Quizplus · Accepted Answer

Money is considered a part of wealth because it is an asset that holds value. Therefore, saying money is not part of wealth is incorrect. Wealth includes a wide range of assets, including money, real estate, stocks, and personal property, among others.

Which of the Following Is Incorrect