Virtual currency unit 2 (VCU2) is different from VCU1 because:
a. VCU1 cannot be spent in the real world; VCU2 can be spent in the real world.
b. VCU1 can only be purchased with real-word currencies. VCU2 can be purchased with real-world currencies and also earned in the virtual world.
c. VCU1 can only be earned in the virtual world; VCU2 can be earned in the virtual world or purchased with legal tender.
d. In terms of spending potential, there is no difference; both VCU1 and VCU2 can be spent in the real world.
.C
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The BP curve presents combinations of y and i that yield balance of trade equilibrium
Indicate whether the statement is true or false
The money multiplier equals:
a. 1 / excess reserves. b. excess reserves / loans. c. required reserve ratio / excess reserves. d. 1 / actual reserves. e. 1 / required reserve ratio.
Suppose a country had a smaller increase in debt in 2011 than it had in 2010 . Then other things the same, we would expect
a. lower interest rates and investment in 2011 than in 2010. b. lower interest rates and greater investment in 2011 than in 2010. c. higher interest rates and greater investment in 2011 than in 2010. d. higher interest rates and lower investment in 2011 than in 2010.
The most common type of tariff is the ________ tariff.
A) export B) import C) transit D) ad valorem