Anything can be money if it acts as a:
a. unit of account.
b. store of value.
c. medium of exchange.
d. All of these must be correct.
d
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What are the two largest sources of tax revenues for the U.S. federal government?
What will be an ideal response?
Which of the following occur when a person maximizes utility? I. The marginal utility of each good bought is equal. II. The highest level of utility is attained. III. All of a person's budget is spent
A) I and II B) I and III C) II and III D) I, II and III
A company's net present value:
A. adds up the value of all the assets a company currently owns. B. is a measure of the book value of that company. C. is the current value of the company's expected future cash flows. D. tells you the "correct" price of shares in the company.
Which of the following is an example of a U.S. export of services?
a. a Canadian buys a Ford automobile that was produced in the United States b. a U.S. traveler buys an Irish knit sweater made in Ireland c. a British citizen buys an American Airlines ticket from London to New York d. a U.S. citizen puts money into a French money market account e. a Japanese exchange student buys a Big Mac while attending college in California