Wealth ________.
A)may serve the monetary function of store of value
B)means essentially the same as money
C)differs from money in that wealth is more liquid
D)is the flow that corresponds to the stock of income
E)none of the above

Question

Quizplus · Accepted Answer

Wealth can serve as a store of value, just like money, but it is not identical to money. Wealth includes all assets, while money is just one type of asset. Wealth is less liquid than money, and it represents the stock of assets, while income is the flow of earnings over time.