What distinguishes money from other assets in the economy? Explain.

Question:

Money:

In simple terms, money can be said to be any item that individuals in an economy use to purchase products and services or instead as a means of exchange. However, the object used has to undergo widespread acceptance by the users as a suitable means of exchange. Different nations have various types of money, broken down into currencies. For example, the US uses the dollar, and the UK uses the British pound.

Answer and Explanation: 1