Which of the following statements is NOT true about money?
A) Anything that serves as a medium of exchange, as a unit of accounting, as a store of value, and as a standard of deferred payment can be called money.
B) Money is any medium that is universally accepted by sellers and creditors.
C) Money is a standard of deferred payment.
D) Money can only be coins and paper.
Correct Answer:
Verified
Q24: One of the benefits of money as
Q25: A medium of exchange is
A) any asset
Q26: Which function of money allows people to
Q27: Any asset that sellers will accept as
Q28: A measure by which prices are expressed
Q30: In economics, money is
A) another term for
Q31: The function of money that allows individuals
Q32: Compared to a barter economy, an economy
Q33: For something to serve as money, it
Q34: The function of money as a store
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