# Which of the following statements about money is not true ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Which of the following statements about money is not true ? Correct Answer: B. All the wealth that people hold, in whatever form, should be considered as money. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Which of the following statements about money is not true ?

Direct Answer & Quick Reference

The correct option is **B. All the wealth that people hold, in whatever form, should be considered as money**.

A. A debit card is not really money because it is only a means of transferring money between accounts

B. All the wealth that people hold, in whatever form, should be considered as money **(Correct Answer)**

C. Wealth held in the current account you hold with your bank is almost as convenient for buying things as wealth held in your wallet so the wealth in current accounts should be included in measures of money

D. In a complex economy it is not easy to draw a clear dividing line between assets that should be considered as money and those that should not

✨ Explain with AI

Verified Key: B. All the wealth that people hold, in whatever form, should be considered as money
Solved by 1,985+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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