Traditionally, monetary assets differ from nonmonetary assets because only monetary assets:
A)earn interest.
B)serve as a store of value.
C)serve as a medium of exchange.
D)are held by the public.

Question

Quizplus · Accepted Answer

Monetary assets, such as cash and bank deposits, serve as a medium of exchange, meaning they can be used to purchase goods and services. Nonmonetary assets, such as property and equipment, are not used as a means of exchange.

Traditionally, Monetary Assets Differ from Nonmonetary Assets Because Only Monetary