Which of the Following Statements About Money Is Not True

question 17

Multiple Choice

Which of the following statements about money is not true?

• A) A debit card is not really money because it is only a means of transferring money between accounts.
• B) All the wealth that people hold, in whatever form, should be considered as money.
• C) Wealth held in the current account you hold with your bank is almost as convenient for buying things as wealth held in your wallet, so the wealth in current accounts should be included in measures of money.
• D) In a complex economy it is not easy to draw a clear dividing line between assets that should be considered as money and those that should not.

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Definitions:

Radically Different

Drastically unlike or divergent from what is traditional, standard, or expected.

Unknown Future

A reference to situations or outcomes that are uncertain or unpredictable.

Incremental Change

Change of a relatively small scope, such as making small improvements.

Small Improvements

Incremental positive changes or adjustments that cumulatively lead to significant progress.