That the money form should be homogeneous is another way of saying that all units of money should be
a. durable
b. portable
c. stable
d. identical
e. divisible
D
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What is moral hazard?
What will be an ideal response?
Compared to checks, paper currency and coins have the major drawbacks that they
A) are easily stolen. B) are hard to counterfeit. C) are not the most liquid assets. D) must be backed by gold.
According to the special interest theory, the licensing of beauticians would be
a. desired by consumers in order to promote the public interest b. desired by beauticians in order to promote the public interest c. discouraged by all beauty salons, large or small d. desired by some beauticians in order to restrict entry into their profession e. done strictly at the initiative of the government
The Standard & Poor's 500 Index:
A. actually includes more than 500 of the largest corporations in the U.S. B. gives more weight to large companies than small companies. C. assigns equal weight to all the prices of all the stocks in the index. D. is a price-weighted index.