Stores need not accept your check but must accept currency because:
a. currency is backed by gold
b. checks are not money but currency is.
c. currency is legal tender, but checks are not.
d. currency is easier to handle.
e. currency is a medium of exchange, but checks are not.
c
You might also like to view...
According to Okun's Law, if the annual growth rate of real GDP is 2.5%, the unemployment rate is likely to ________
A) increase by 0.25% B) decrease by 1% C) increase by 2.5% D) decrease by 0.5%
The two key factors that trigger speculative attacks on emerging market currencies are
A) deterioration in bank balance sheets and severe fiscal imbalances. B) deterioration in bank balance sheets and low interest rates abroad. C) low interest rates abroad and severe fiscal imbalances. D) low interest rates abroad and rising asset prices.
The essence of good management is to determine whether a new practice adds
A) revenue. B) market share. C) customer satisfaction. D) value. E) costs.
Suppose you're in the trucking business and you purchase a $100,000 truck with a one year loan for the full amount. Ignoring interest payments, what is your fixed cost per month?
a. $10,000 b. $20,000 c. $25,000 d. $12,000 e. $8,333