Money is an asset that can be easily used to purchase goods and services. Although currency designated by law (such as legal tender) is a common form of money, other assets such as checks, debit cards, or even digital currency can also function as money. Therefore, A, C, and D are incorrect options as they limit the definition of money to only one specific form.

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Money Is

Question 435

Multiple Choice

Money is:

A) any form of wealth.
B) an asset that can be easily used to purchase goods and services.
C) only currency designated by law.
D) only currency in circulation.

Correct Answer: