Select all of the following choices which explain why the public keeps some wealth in the form of money.
To make purchases with it
To hold it as an asset

Respuesta :

The reasons why the public would have to keep wealth in the form of money would be:

  • To make purchases with it
  • To hold it as an asset

What is wealth?

The value of all the valuable assets that a person, group of people, business, or nation owns is measured as wealth. The total market worth of all held tangible and intangible assets is calculated, and all debts are then subtracted. Wealth is essentially the accumulation of limited resources.

Net worth is the sum of a person's or a family's assets, such as money in savings and investment accounts, and their liabilities, such as loans and mortgages.

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