Money Is

question 37

Multiple Choice

Money is:

• A)equivalent to income
• B)equivalent to wealth
• C)an asset used as a medium of exchange
• D)backed by gold

---

Definitions:

Gift Inter Vivos

A gift made during the giver's lifetime, as opposed to a bequest or legacy left in a will.

Birthday Gift

An item or service given to someone on the occasion of their birthday without expectation of payment.

Inherits

To receive property, titles, or rights from a deceased person's estate according to a will or as determined by law.

Lost Property

Items that are unintentionally left by their owner at a place where they are not likely to be found.