Fiat money is
a. always backed by gold or silver.
b. useful in buying Italian cars.
c. only backed by government decree.
d. not as liquid as precious metals.
c
You might also like to view...
An investor in a 30% marginal tax bracket, earning $10 in interest annually for a $100 U.S. Treasury bond:
A. earns a 10% after-tax return because interest on U.S. Treasury bonds is tax exempt at the federal level. B. earns a 1% return after-tax. C. would be indifferent between this bond and a municipal bond offering $7 annually per $100 of face value, assuming the same default risk and liquidity characteristics. D. earns a 3% return after-tax.
Alternative Outputs from One Day of Labor Wheat (in bushels) Textiles (in yards) United States 12 3 Great Britain 3 12 According to the table above, the United States
a. has an absolute advantage over Great Britain in the production of textiles. b. has an absolute advantage over Great Britain in the production of wheat. c. has a comparative advantage in the production of textiles. d. should export textiles to Great Britain. e. none of the above
Over the past fifty years, the proportion of women in the workforce has ______.
a. increased dramatically b. increased slightly c. remained steady d. decreased slightly
A direct relationship exists when:
A. there is no association between two variables. B. one variable increases and there is no change in the other variable. C. one variable increases and the other variable increases. D. one variable increases and the other variable decreases.