While money is an asset not all assets are money because:
A) Only money stores value
B) Money works as a means of payment
C) Only money is a good asset to hold during times of inflation
D) Money must be legal tender
Correct Answer:
Verified
Q1: The use of money makes us more
Q6: Suppose that in a barter economy Tom
Q7: The unit of account characteristic of money:
A)Makes
Q9: Without the use of money, workers in
Q10: In a barter system:
A)People have to specialize
Q11: Which of the following would not be
Q11: Money as a means of payments refers
Q14: How many prices would a trader of
Q16: Which of the following is not an
Q18: Which best describes money as a means
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