The set of all assets that are regularly used to directly purchase goods and services is called:
A) money.
B) consumption income.
C) disposable income.
D) fungible goods.

Question

Quizplus · Accepted Answer

Money is the set of all assets that are regularly used to directly purchase goods and services. Consumption income refers to the income that individuals receive and use to purchase goods and services, which is a subset of money. Disposable income refers to the income that individuals have left over after paying taxes, which is not necessarily spent on goods and services. Fungible goods are goods that are interchangeable and can be replaced by goods of equal value, but do not necessarily constitute money.

The Set of All Assets That Are Regularly Used to Directly