Which statement is NOT considered one of the three chief characteristics of money?
A) It serves as a medium of exchange.
B) It acts as a store of value.
C) It is a highly illiquid asset.
D) It is a unit of account.
Correct Answer:
Verified
Q2: Money is:
A) paper money and coins but
Q3: Money is any asset that:
A) the government
Q4: Which example is NOT a role of
Q5: The double coincidence of wants problem can
Q6: Currency in circulation is cash: I. held
Q8: Which asset is the MOST liquid?
A) checkable
Q9: An example of a double coincidence of
Q10: The narrowest definition of money does NOT
Q11: Which asset is considered to be money?
A)
Q12: "Tuition at State University this year is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents