ECON MISC
Midwestern University
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2154 TEST BANK FOR EXAM 2020
- Exam (elaborations) • 329 pages • 2022
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3.1 Meaning of Money
1) A person's house is part of her .
A) money
B) income
C) liabilities
D) wealth
2) Money is .
A) anything that is generally accepted in payment for goods and services or in the repayment of debt
B) a flow of earnings per unit of time
C) the total collection of pieces of property that are a store of value
D) always based on a precious metal like gold or silver
3) To an economist, is anything that is generally accepted in payment for goods and services or in...
Exam (elaborations)
2154 TEST BANK FOR EXAM 2020
Last document update:
ago
3.1 Meaning of Money 1) A person's house is part of her . A) money B) income C) liabilities D) wealth 2) Money is . A) anything that is generally accepted in payment for goods and services or in the repayment of debt B) a flow of earnings per unit of time C) the total collection of pieces of property that are a store of value D) always based on a precious metal like gold or silver 3) To an economist, is anything that is generally accepted in payment for goods and services or in...
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