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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

What distinguishes money from other assets in the economy?

To determine

What distinguishes money from other assets.

Explanation

Money is anything which is accepted as payment to the goods and services from a market. It acts as a medium of exchange, store of value,  unit of account, and so forth. Any commodity that is being accepted by an economy for this purpose is considered as money. It is usually metal coins and paper currencies.

The assets are anything that can be tangible or intangible which can be owned and controlled in order to produce value. The companies hold these to produce a positive value in the economy. The buildings, machineries and the capital are the main assets of an economy...

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