A market

A. is any arrangement that brings buyers and sellers together to exchange goods or services.
B. is characterized by rigid prices
C. is an institution used rarely by capitalist nations.
D. raises the transaction costs of doing business.


Answer: A

Economics

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Comparing various exchange systems, which system offers a nation the least control over monetary policy?

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Which of the following would create the most money?

(A) The initial deposit is $3,000 and the required reserve ratio is 10 percent. (B) The initial deposit is $7,500 and the required reserve ratio is 25 percent. (C) The initial deposit is $4,500 and the required reserve ratio is 15 percent. (D) The initial deposit is $6,500 and the required reserve ratio is 20 percent.

Economics