Anything generally accepted as payment

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Reference no: EM131000432

Money is defined by economists as "anything generally accepted as payment"

For each of the following sentences, explain why it does not use the economist’s definition of money:

-“I know why they don't like me – because they want the money I have.” (Mike Tyson)

-“The love of money is the root of all evil.” (The New Testament)

Write a sentence that does use the economists definition of money

Reference no: EM131000432

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