Even when a particular monetary asset is not performing one of the functions of money well, people still use the asset because
A)it is still easier than relying on barter.
B)they have no choice.
C)once an asset is defined as money it is always money.
D)people expect money will come back at a later date.

Question

Quizplus · Accepted Answer

Even if a monetary asset is not performing one of the functions of money well, people still use it because it is still easier than relying on barter. Money serves as a medium of exchange, unit of account, and store of value. If a particular monetary asset is not performing one of these functions well, people may still continue to use it as a medium of exchange because it is easier than bartering.

Even When a Particular Monetary Asset Is Not Performing One