Which of the following is not a store of value?
a. Federal Reserve notes.
b. Credit card.
c. Debit card.
d. Passbook savings deposit.
b
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The lending ability of commercial banks increases when the ________.
A. discount rate is raised B. Fed buys securities in the open market C. Treasury collects tax revenues D. reserve requirement is raised
Which of the following constitutes wealth?
A) A baseball card collection B) A 2014 Ford Focus C) An Italian-made cello D) Money deposited in a savings account E) All of the above, as long as people value all of the goods listed above
The situation in the figure above creates a barrier to entry for a second firm because
i. a second firm that produced as many kilowatt-hours as the first firm would see the market price fall beneath its cost and would incur an economic loss. ii. a second firm that produced fewer kilowatt-hours than the first firm would have to charge a higher price and would not gain many customers. iii. the first firm's average total cost curve indicates it has been given a patent for the product. A) i only B) ii only C) iii only D) i and ii E) i and iii
A decrease in the demand for loanable funds and a leftward shift of the demand for loanable funds curve results from
A) an increase in the real interest rate. B) technological improvements. C) tax cuts. D) decreases in the expected profit.