Why do people primarily own or hold money?
A)because it has a guaranteed nominal return
B)because it has a guaranteed real return
C)because it can be used directly to buy goods and services
D)because it functions as a unit of account

Question

Quizplus · Accepted Answer

People primarily own or hold money because it can be used directly to buy goods and services. Money is a medium of exchange and is used to facilitate transactions in the economy.

Why Do People Primarily Own or Hold Money