Economists use the term "money" to refer to
A)all wealth.
B)all assets,including real assets and financial assets.
C)all financial assets,but not real assets.
D)those types of wealth that are regularly accepted by sellers in exchange for goods and services.

Question

Quizplus · Accepted Answer

Economists use the term "money" to refer to those types of wealth that are regularly accepted by sellers in exchange for goods and services. Money is a medium of exchange and must have the property that its value is widely accepted in transactions involving the purchase of goods and services. Therefore, D is the best answer.

Economists Use the Term "Money" to Refer to