Question

Which of the following statements uses the economists' definition of money?

A) I plan to earn a lot of money over the summer.
B) Betsy is rich—she has a lot of money.
C) I hope that I have enough money to buy my lunch today.
D) The job with New Company gave me the opportunity to earn more money.

Answer 1

The statement that uses the economists' definition of money is B) Betsy is rich—she has a lot of money.

Step-by-step explanation:

The statement that uses the economists' definition of money is B) Betsy is rich—she has a lot of money.

Economists define money as a medium of exchange that is widely accepted in transactions for goods and services. In this statement, the word 'money' is being used in the context of wealth or financial assets, which aligns with the economists' definition.