Even economists have no single,precise definition of money because
A)money supply statistics are a state secret.
B)the Federal Reserve does not employ or report different measures of the money supply.
C)the "moneyness" or liquidity of an asset is a matter of degree.
D)economists find disagreement interesting and refuse to agree for ideological reasons.

Question

Quizplus · Accepted Answer

The "moneyness" or liquidity of an asset is a matter of degree, which means that there is no clear-cut definition of money that everyone agrees on. Different assets have different levels of liquidity, which makes it difficult to come up with a single definition of money.

Even Economists Have No Single,precise Definition of Money Because