People hold money even during inflationary episodes when other assets prove to be better stores of value. This can be explained by the fact that money is all of the following except ________.
A) perfectly liquid
B) a unique good for which there are no substitutes
C) the only thing accepted in economic exchange
D) backed by gold

Question

Quizplus · Accepted Answer

The Answer of People hold money even during inflationary episodes when other assets prove to be better stores of value. This can be explained by the fact that money is all of the following except ________.
A) perfectly liquid
B) a unique good for which there are no substitutes
C) the only thing accepted in economic exchange
D) backed by gold

People Hold Money Even During Inflationary Episodes When Other Assets