Even Economists Have No Single,precise Definition of Money Because

question 62

Multiple Choice

Even economists have no single,precise definition of money because

• A)money supply statistics are a state secret.
• B)the Federal Reserve does not employ or report different measures of the money supply.
• C)the "moneyness" or liquidity of an asset is a matter of degree.
• D)economists find disagreement interesting and refuse to agree for ideological reasons.

---

Definitions:

Homemade Leverage

A strategy whereby investors adjust the financial leverage of their investment by borrowing or lending money on their own, rather than relying on the leverage inherent in their investments.

Financial Leverage

The use of borrowed funds (debt) to amplify the potential return on investment.

Personal Borrowing

Personal borrowing involves an individual obtaining funds from a lender (such as a bank or financial institution) for personal use, which could range from purchasing a home to funding education.