Which of the Following Statements Is Most Correct

question 52

Multiple Choice

Which of the following statements is most correct?

• A) Money is wealth but not all wealth is money.
• B) Money is a means of payment but is not part of wealth.
• C) In order to be considered part of a person's wealth, an asset must have a positive return.
• D) Wealth is a store of value and a means of payment.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold.

Market Price

The selling price of goods or services at which buyers and sellers agree to transact.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

U.S. Fishery

Pertains to the industry or activity of raising, harvesting, processing, and selling fish, shellfish, and aquatic plants in the United States.