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Select all the correct answers.


Which statements are false?





Money comes in different forms.
Money is indivisible.
M1 includes notes, coins, and funds in checkable deposits.
Money is a unit of account.
Credit cards are used primarily to withdraw money from a checking account.

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Answer:B and E are your answer

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Answer:

  • Money is indivisible.
  • Credit cards are used primarily to withdraw money from a checking account.

Explanation:

Money is a universally accepted means of exchange with an assigned value that allows us to access goods and services without resorting to barter. Characteristics of money:

1.- Money has a value assigned and universally accepted.

2.- The value of money is related to a law of supply and demand.

3.- The supply of money is usually controlled by the monetary policy of a given government.

4.- The demand for money is controlled by the variety of goods and services available for consumption.

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