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 directly be used 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 directly be used to buy goods and services. Money is a medium of exchange that facilitates transactions and allows individuals to purchase the things they need or want. While money may also serve as a unit of account or store of value, its primary purpose is to facilitate exchange.

Why Do People Primarily Own or Hold Money