Which of the following is not a function of money?
a. Medium of exchange.
b. Standard of deferred payment.
c. Unit of account.
d. Store of value.
e. All of the above are functions of money.
.E
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Which of the following is NOT part of M1?
A) credit cards B) checking accounts C) currency D) traveler's checks
The question of how much labor a firm will hire comes down to:
A. whether added workers are going to generate more revenue or not. B. if the added workers are going to add profits to the firm. C. whether the value of the marginal product is greater than, less than, or equal to the average total cost. D. the amount of capital that will be required in order to ensure the worker is productive.
When a price rise of an asset can be justified by fundamental concepts and past experiences, then such a price rise does not constitute a classic bubble
a. True b. False Indicate whether the statement is true or false
The payoff matrix is a fundamental tool of
a. monopolistic competition. b. game theory. c. corporate finance theory. d. regulatory oversight.