Economists use the word "money" to refer to Group of answer choices income generated by the production of goods and services. those assets regularly used to buy goods and services. financial assets such as stocks and bonds. any type of wealth.

Question

Deborah

Business

11 December, 16:20

Economists use the word "money" to refer to Group of answer choices income generated by the production of goods and services. those assets regularly used to buy goods and services. financial assets such as stocks and bonds. any type of wealth.

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Logan Wilkins · Answer 1

those assets regularly used to buy goods and services.

Explanation:

Depending on whether you are an economist, an accountant or work in finance, the term money may mean different things. Generally economists use the term money to refer to very liquid assets which are used to purchase the goods and services that we use on our everyday life. Economists distinguish money as assets that perform the basic functions of money:

medium of exchange unit of accounting store of value