48.2k views
4 votes
Why is simply counting currency an inadequate measure of money?

User Remagpie
by
8.1k points

1 Answer

6 votes
Money is anything that can be used to buy goods or services, it entails several thingsĀ which includes, checks, deposits, e-cash and many other forms of payments that are more than just paper or coin money. Therefore, simply counting currency is an inadequate measure since it only considers a small portion of money.
User Quadroid
by
8.0k points