Why Do Individuals Hold Money When It Does Not Provide

question 17

Multiple Choice

Why do individuals hold money when it does not provide the services that, say, a house does?

• A)Money is the most liquid asset.
• B)Money is the only form in which wealth may be held.
• C)Money increases in value faster than other assets.
• D)Money is useful in avoiding taxes on certain transactions.

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Definitions:

Unanimous Opinion

A judicial decision where all judges or justices agree on the outcome and reasoning of a case.

Judges

Officials appointed or elected to preside over court proceedings, making legal judgments and decisions.

Justices

Judges of supreme or high courts who hold the authority to interpret and apply the law in the judicial system.

Executive Branch

The branch of government responsible for enforcing laws, headed by the President at the national level or a governor at the state level.