Macroeconomists call assets used to make transactions:
A) real income.
B) nominal income.
C) money.
D) consumption.

Question

Quizplus · Accepted Answer

Macroeconomists call assets used to make transactions as money. Money is a medium of exchange that facilitates transactions and serves as a store of value. Real income refers to the amount of goods and services that an individual can purchase with their income after accounting for inflation. Nominal income refers to the face value of an individual's income without adjusting for inflation. Consumption refers to the purchase of goods and services by individuals or households. None of these terms refer specifically to assets used to make transactions.

Macroeconomists Call Assets Used to Make Transactions