Money is:
A) the set of all assets that are regularly used to directly purchase goods and services.
B) represented only 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) anything that we use to buy goods and services as long as it is not a good itself.

Question

Quizplus · Accepted Answer

Money is not just limited to physical currency; it also includes any assets that can be used to directly purchase goods and services, such as credit cards and bank deposits. Choice B is not correct because money is not limited to physical currency. Choice C is not entirely accurate as the supply and demand of money also affect the value of goods and services. Choice D is not entirely accurate as some goods, such as gift cards and vouchers, can be used to directly purchase goods and services and can be considered as money.

Money Is