ECON 2035 Chapter : Chapter 3 Test Bank
Document Summary
3. 1 meaning of money: to an economist, ________ is anything that is generally accepted in payment for goods and services or in the repayment of debt, wealth, income, money, credit. Ques status: previous edition: currency includes, paper money and coins, paper money, coins, and checks, paper money and checks, paper money, coins, checks, and savings deposits. 1: the total collection of pieces of property that serve to store value is a person"s, wealth, income, money, credit. Ques status: previous edition: a person"s house is part of her, money, income, liabilities, wealth. Aacsb: analytic skills: ________ is used to make purchases while ________ is the total collection of pieces of property that serve to store value, money; income, wealth; income, income; money, money; wealth. Aacsb: reflective thinking skills: ________ is a flow of earnings per unit of time, income, money, wealth, currency. Ques status: previous edition: an individual"s annual salary is her, money, income, wealth, liabilities.
