Double coincidence of wants is avoided if money is used as a:
A. store of value
B. standard of deferred payment.
C. measure of value.
D. medium of exchange.
Answer: D
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According to Samuel Huntington, South Korea's economy experienced rapid economic growth because South Koreans valued thrift, investment, education, and discipline
On the other hand, Ghana's economy did not grow as fast because the country had different social values. This argument claims that: A) geographical location is a fundamental cause of prosperity. B) culture is a fundamental cause of prosperity. C) institutions are a proximate cause of prosperity. D) institutions are a fundamental cause of prosperity.
Which of the following reduces the magnitude of the expenditure multiplier?
A) higher marginal tax rates B) decrease in saving C) decrease in the marginal propensity to consume D) decrease in imports E) decrease in government purchases of goods and services
In the "cost of capital channel" of monetary policy, a higher interest rate __________ spending
A) raises consumption B) raises investment C) lowers consumption D) lowers investment
Market spreads usually range from ___ on large contracts to ___ on small contracts.
a. 3%; 0.5% b. 10%; 2% c. 1%; 2% d. 0.01%; 5%