Money functions as

A. a medium of exchange.
B. an unit of account.
C. a store of value.
D. all of these.


Answer: D

Economics

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A. domestic production. B. capital outflows minus capital inflows. C. international production. D. capital inflows minus capital outflows.

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The tendency for private saving to increase in response to growing government deficits is known as the

A) crowding out effect. B) money illusion effect. C) Keynes effect. D) Ricardo-Barro effect.

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Under the kinked demand curve model, a small increase in marginal cost will lead to

A) an increase in output level and a decrease in price. B) a decrease in output level and an increase in price. C) a decrease in output level and no change in price. D) neither a change in output level nor a change in price.

Economics

Who argued that the economy should be left to itself to close a recessionary gap?

a. John F. Kennedy b. John Maynard Keynes c. Mercantilists d. Classical economists e. Socialists

Economics