Question

Select all that apply

Select all of the following choices which explain why the public keeps some wealth in the form of money.
A. To make purchases with it
B. To accrue interest
C. To hold it as an asset
D. For investment security

Answer 1

The public keeps some wealth in the form of money to make purchases, hold it as an asset, and for investment security.

Step-by-step explanation:

The public keeps some wealth in the form of money for several reasons.

• To make purchases with it: Money is a medium of exchange that allows people to buy goods and services.
• To hold it as an asset: Money can be considered as an asset because it holds value and can be used to meet future expenses.
• For investment security: Some individuals may choose to keep money as a form of investment security, especially during uncertain economic times.