The statement, "My iPhone is worth $700" represents money's function as
A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) a standard of deferred payment.
Answer: B
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Seniors paying a lower price for tickets at movie theatres.
Answer the following statement(s) true (T) or false (F)
Targeting money growth will lead to stable output growth only if
a. money demand and velocity change proportionally with output. b. fiscal policy remains unchanged. c. money demand and velocity are stable. d. the IS curve is steep.
The amount of time required before a project's total inflows match its total outflows is the:
A. break-even period. B. payback period. C. duration. D. yield to maturity.
Today, people changed their expectations about the future. This change
a. can cause a movement along a demand curve. b. can affect future demand but not today's demand. c. can affect today's demand. d. cannot affect either today's demand or future demand.