The store of value characteristic of money refers to the fact that:
A. people save most of their money.
B. money is not valuable unless it is stored.
C. money allows people to shift purchasing power into the future.
D. money is the only way people have to store value.
Answer: C
You might also like to view...
The time lags, which must be either reduced or known with some precision if fiscal policy is to be an effective stabilizing technique, are the lags between
A) the beginning of a cyclical movement and its recognition. B) the decision that compensatory action should be taken and the enactment of tax or expenditure changes. C) the increase or decrease in net government receipts and their final effects on total spending. D) all of the above, because a significant miscalculation with respect to any of these lags could increase aggregate instability.
Which of the following actions can be categorized as rent seeking?
a. Increase in the income tax rates by the government b. Lobbying efforts of individuals or groups to gain favors from the government c. Profit maximizing firms charging a price greater than their marginal costs d. Export of goods from developing to developed countries e. Government intervention in the real estate market
Refer to Figure 9.2. Whenever a CD is sold, 5% of the revenue goes to the artist and the remainder of the revenue goes to the record company. The graph above depicts R, the total revenue from sales; (0.95)R, the record company's share; and C, the cost of producing the CD (which the record companies bears). At what quantity would the artist prefer to produce the CD?
A. 0
B. Q1
C. Q2
D. Q3
The steps to set up a new service company in QuickBooks with no employees are:
a. Easy Step Interview > Customer List > Vendor List > Item List b. Setup Chart of Accounts > Easy Step Interview > Customer List > Vendor List > Item List c. Easy Step Interview > Customize Chart of Accounts > Customer List > Vendor List > Item List d. Easy Step Interview > Customer List > Vendor List > Item List > Customize Chart of Accounts