Governments and central banks can track virtual currencies and gain considerable control over their use if:
a. Virtual currency transactions are only among domestic residents (i.e., no foreign-related transactions).
b. Virtual currency transactions are only between domestic and foreign residents.
c. Virtual currency transactions are recorded (i.e., debited and credited) in clearing houses.
d. Virtual currency transactions are peer-to-peer rather than through clearing houses.
.C
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Which of the following statements is true?
a. According to the quantity theory of money, any change in the money supply will have no effect on the price level. b. There is an inverse relationship between the quantity of money demanded and the interest rate. c. All of the answers are correct. d. The speculative demand for money at possible interest rates gives the demand for money curve its upward slope.
When the trade-offs you face are determined by the choices someone else will make, behaving rationally involves:
A. acting in a way to help others. B. behaving strategically. C. ignoring the behavior of other actors. D. All of these statements are true.
Our educational standards today.
A. are the highest in history. B. are much higher than they were 50 years ago. C. are the same as they were 50 years ago. D. are much lower than they were 50 years ago.
The Social Security system was founded
A. as the United States began to recover from the Great Depression. B. during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support. C. during the Civil War, to pay pensions for veterans. D. in response to concerns that arose during the high inflation of the 1970s.