In defining money according to the transactions approach, you would want to include
A) those assets that are used as a unit of account.
B) those assets that are used as a store of value.
C) those assets that are used as a medium of exchange.
D) those assets that are used as a standard of deferred payment.
C
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If an individual deposits an amount at a compound interest rate of r% per year for a time period of T years, then:
A) Future Value = (1 - r)T × (Original Principal). B) Future Value = (1 + r)/T × (Original Principal). C) Future Value = (1 - r)/T × (Original Principal). D) Future Value = (1 + r)T × (Original Principal).
The fundamental force driving international trade is comparative _______
A. advantage: a country exports those goods that have high prices B. abundance: the country that produces more than it needs exports the good C. advantage: the country with the lower opportunity cost of production exports the good D. cost: a country trades with other countries that produce cheaper goods
A low concentration ratio would most likely indicate
A. a low degree of oligopolization. B. that the industry measured is a monopoly. C. that the industry measured is a perfect competitor. D. None of the choices are true.
Refer to Scenario 19.2 below to answer the question(s) that follow.SCENARIO 19.2: An individual earning $40,000 pays $3,200 in taxes. The marginal tax rate on any income earned above $40,000 is 20%.Refer to Scenario 19.2. Suppose this person earns $60,000 and gives a tax deductible donation of $1,000 to charity. The donation will reduce her tax payment by
A. $80. B. $120. C. $200. D. $1,000.