Which of the following statements is NOT correct?
a. A balance in a demand deposit can used as a medium of exchange.
b. A liquid asset is an asset that can easily be sold and transformed into money.
c. A share in a mining company may be regarded as money because it can be used to conserve wealth.
d. Gold bars are not money because they are not generally acceptable as a medium of exchange.
A store of value is an asset, currency, or a commodity that can be stored and retrieved at a later date without losing its value. But shares are risky store of value, so the incorrect statement is c.
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