There is no single precise measure of money or the money supply for economists because ________.
A) the government considers money supply statistics to be confidential and refuses to publish them
B) deciding what is generally accepted in payment for goods and services or in the repayment of debt is difficult to determine
C) economists cannot agree if currency should be considered money
D) definitions change all the time

Question

Quizplus · Accepted Answer

The definition of money is difficult to determine because what is generally accepted in payment for goods and services or in the repayment of debt can change over time and vary between different populations. Economists often use broad categories of money, such as M1 or M2, but these categories are not precise measures of the money supply.

There Is No Single Precise Measure of Money or the Money