One major problem with some commodity monies is that:
a. to be useful, money must be divisible
b. to be useful, money must be storable.
c. to be useful, money must be of uniform quality.
d. all of the above are problems with commodity monies.
d
You might also like to view...
Adam Smith supported the view that ________ greatly influenced its economic growth
A) the culture in a nation B) the institutions in a nation C) the location of a nation D) the geography of a nation
Along a short-run Phillips curve, the
A) long-run cost of lower inflation is higher unemployment. B) short-run cost of lower unemployment is higher inflation. C) short-run cost of lower inflation is higher interest rates. D) short-run cost of higher inflation is a higher real interest rate. E) short-run benefit of lower unemployment is lower inflation.
On a balance sheet, stockholders' equity is listed as an asset
Indicate whether the statement is true or false
Refer to Figure 12-1. If the firm is producing 500 units, what is the amount of its profit or loss?
A) profit equivalent to the area A B) loss equivalent to the area A C) profit of $280 D) There is insufficient information to answer the question.