Economists use the term money to refer to
A) all wealth.
B) all assets,including real assets and financial assets.
C) all financial assets,but real assets are not regarded as money.
D) those types of wealth that are regularly accepted by sellers in exchange for goods and services.

Question

Quizplus · Accepted Answer

Economists define money as those types of wealth that are regularly accepted by sellers in exchange for goods and services. Real assets like land, buildings, and machinery are not included in this definition. Money typically includes physical currency, such as notes and coins, as well as certain types of financial assets like bank deposits and checking accounts that can be easily used to make purchases or pay debts.

Economists Use the Term Money to Refer to