Inflation affects money by
A. increasing money's efficiency as a medium of exchange.
B. limiting money's role as a store of value.
C. reducing the supply of money.
D. reducing transactions and search costs.
Answer: B
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Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $35,000 . For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?
a. $40,000 b. $15,000 c. $35,000 d. $30,000
Advertising is categorized as limited protected speech.
Answer the following statement true (T) or false (F)
The informal investment market contains the smallest pool of risk capital in the United States.
Answer the following statement true (T) or false (F)
A gift causa mortis is a gift:
a. made by a donor after death in her will. b. that is conditional. c. made in the contemplation of the donor's imminent death. d. That is both conditional and made in the contemplation of the donor's imminent death e. That is both conditional and made by a donor after death in her will.