All of the following are problems associated with commodity money EXCEPT
A) it is a cumbersome form of payments system.
B) commodities tend to have little value in and of themselves.
C) its value is dependent on its purity.
D) costs are incurred in certifying the purity and weight of commodity money.
B
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Use the following table to answer the question below. Dave's Production Possibilities SchedulePounds of Green BeansPounds of Corn0160201204080604080 0Dave's production possibilities schedule demonstrates that
A. he can produce as much as he wants. B. he does face scarcity. C. he does not face scarcity. D. he can produce an unlimited amount of green beans if he gives up enough corn.
If the Fed wanted to reduce the federal funds interest rate, it might: a. decrease the interest rate it pays on bank reserves. b. decrease the required reserve ratio
c. buy government securities. d. Do any of the above.
All of these events will cause an increase (shift to the right) in the supply of real loanable funds EXCEPT:
a. An increase in the monetary base. b. A higher real risk-free interest rate. c. An increase in the nation's real income. d. All of the above shift the supply.
If workers in an industry become less productive, we would expect the
A. demand for workers to increase. B. supply of workers to decrease. C. demand for workers to decrease. D. supply of workers to increase.