The early goldsmiths issued money in the form of
A. coins made from gold in their safes.
B. receipts for the acceptance of gold deposits.
C. gold fragments left over from the production of jewelry.
D. fully backed gold certificates.
Answer: B
You might also like to view...
The idea that expansionary fiscal policy has a positive affect on investment is known as
a. monetary policy. b. crowding out. c. the investment accelerator. d. the multiplier.
Find the annual interest rate that would create a perpetual cash flow stream of $15,000 when the present value of the asset is $100,000.
A. 0.15 percent B. 0.1765 percent C. 15 percent D. 17.65 percent
The combination of price level and real output that is compatible with both aggregate demand and aggregate supply is the definition of
A. Macro equilibrium. B. Disposable income. C. Real expenditures. D. Full-employment GDP.
The slippage between ________ occurs because the unemployment rate is calculated from data on the number of people employed.
A. imports and exports B. consumption and saving C. output and the unemployment rate D. supply and demand