Money is:
A)the set of all assets that are regularly used to directly purchase goods and services.
B)represented by the amount of dollars and coins in our economy.
C)controlled by the supply and demand of goods and services on which our money is spent.
D)All of these are true.

Question

Quizplus · Accepted Answer

Money is not just physical currency (dollars and coins), but also includes other assets that can be used to purchase goods and services such as bank deposits, debit cards, and electronic transfers. Money is therefore defined as the set of all assets that are regularly used to directly purchase goods and services. Options B and C are not accurate because they only describe physical representation or a cause-effect relationship, respectively.

Money Is