One Principle That Nearly All Economists Agree on When Defining

question 44

Multiple Choice

One principle that nearly all economists agree on when defining money is that it should be

• A)spendable.
• B)liquid.
• C)accepted as payment.
• D)easily transferable.
• E)All of the above are correct.

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Definitions:

Circular

Referring to a shape or movement that is round in form and has no beginning or end point.

Metaphorical Language

Use of language that implies a comparison between seemingly unrelated subjects, offering new insights or perspectives.

Logical Definitions

Precise explanations of terms and concepts used within the context of logic to ensure clear understanding and avoid ambiguity.

Genus

In biology, a rank used in the classification of organisms, grouping together species that share common characteristics; in logic, a general class that encompasses specific instances.