Multiple choice

Which of the following statements about money is incorrect?

  1. There are many assets which carry the attributes of money.

  2. Money is what money does.

  3. In the modern sense, money has stability, high degree of substitutability and feasibility of measuring statistical variation.

  4. None of the above.

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All statements A, B, and C about money are correct. Statement A references near-money assets, B is the classic functional definition, and C describes modern monetary characteristics. Since no statement is incorrect, 'None of the above' (D) is the right answer.

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