Which of the following statement is incorrect?
A)Money is wealth but not all wealth is money
B)Money is a means of payment but is not part of wealth
C)An asset doesn't have to be a means of payment to be a part of a person's wealth
D)All items considered wealth can eventually be converted to a means of payment

Question

Quizplus · Accepted Answer

Money is considered a component of wealth, along with other assets such as property, investments, and possessions. Money serves as a means of payment and is a liquid asset, but it is still a part of one's overall wealth.

Which of the Following Statement Is Incorrect