Which of the Following Is Money

question 71

Multiple Choice

Which of the following is money?

• A) checking deposits
• B) checks in the checkbook
• C) credit cards
• D) All of the above are money.

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Definitions:

MPP

Marginal Physical Product, the change in total output of a good that results from a one-unit change in input, holding all other inputs constant.

Substituted

The act of replacing one good or service with another due to changes in price, preference, or other variables.

Derived Demand

Demand for a factor of production or intermediate good that occurs as a result of the demand for another related good or service.

Productive

Refers to the efficiency and capability of producing goods and services, often measured by output per unit of input.