Economists use the word "money" to refer to
A) income generated by the production of goods and services.
B) those assets regularly used to buy goods and services.
C) the value of a person's assets.
D) the value of stocks and bonds.

Question

Quizplus · Accepted Answer

Economists specifically use the term "money" to refer to assets that are widely accepted as a medium of exchange for goods and services. These assets include physical currency, such as bills and coins, as well as deposits in checking and savings accounts that can be easily accessed and spent. Income (A), the value of assets (C), and stocks and bonds (D) can all be converted into money, but they are not considered "money" in and of themselves.

Economists Use the Word "Money" to Refer to