. People often say they would like to have more money, but what they usually mean is that they would like to have more goods and services. This statement acknowledges that multiple choice 4people want money and goods.money is used for comparison.money can be used to purchase goods and services, but as an asset money provides little return.if people have to choose between money and goods, they will choose money.

Money is whatever society says it is. This statement acknowledges that multiple choice 2money is the only medium that can be exchanged for goods and services.money must be an acceptable medium for exchange to occur.money creates a demand for goods.money is accepted if it is the currency of the country.

Multiple Choice QuestionWhat is the primary purpose of money in a society?Multiple choice question.To trade one good or service for another good or service of similar valueTo serve as a limited-supply commodity that offers a service of valueTo enable a person or organization to trade money for a good or a serviceTo serve as a value for services

Multiple Choice QuestionWhich of the following describes why money is not an economic resource?Multiple choice question.Money cannot buy goods and services.Money cannot be used in barter.Money can buy economic resources.Money cannot produce goods and services.

Which of the following best describes the transactions demand for money?Multiple choice question.People hold money because it can be used as an asset.People hold onto money when inflation is high.People need money as a precaution.People need money to buy goods and services.

The desire of people to hold money as a medium of exchange describes what type of money demand?Multiple ChoiceThe velocity of circulation.The transactions demand for money.The asset demand for money.The investment demand.