The fungibility of money means that
A. thinking large, one-time expenses should be paid off over a period of time, while everyday expenses should come out of your checking account, is irrational.
B. people often create false distinctions between categories of debt.
C. the categories people create to organize their expenditures are meaningless in financial terms.
D. All of these statements are true.
Answer: D
You might also like to view...
Refer to Budget Lines. The only situation where we can conclude that this consumer's tastes must have changed is when we observe himAnswer the following statement(s) true (T) or false (F)
a. buying B last year and buying A this year.
b. buying D last year and buying A this year.
c. buying B last year and buying C this year.
d. buying D last year and buying C this year.
An example of a public good is national defense services
Indicate whether the statement is true or false
If automobiles and gasoline are complements, then their cross-elasticity coefficient will be:
a. strictly greater than one. b. positive. c. equal to zero. d. negative.
If the price elasticity of demand for pineapples is 0.75, then a 4 percent increase in the price of pineapples will lead to a:
A. 0.75 percent increase in the quantity of pineapples demanded. B. 3 percent increase in the quantity of pineapples demanded. C. 0.75 percent decrease in the quantity of pineapples demanded. D. 3 percent decrease in the quantity of pineapples demanded.