PEOPLE HOLD MONEY EVEN DURING INFLATIONARY EPISODES WHEN OTHER ASS...

80) People hold money even during inflationary episodes when other assets prove to be better stores of

value. This can be explained by the fact that money is

(a) extremely liquid.

(b) a unique good for which there are no substitutes.

(c) the only thing accepted in economic exchange.

(d) all of the above.

Answer: A

Question Status: Previous Edition