When we measure and record economic value, we use money as the
a. liquid asset.
b. medium of exchange.
c. unit of account.
d. store of value.
c
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The U.S. dollar will appreciate if inflation rises from 3 percent to 7 percent in the United States
Indicate whether the statement is true or false
What is the present value of a payment of $100 to be made one year from today?
a. $100(1 + r) b. $100/(1 + r) c. $100 - $100 r d. $100 - (1 + r)/$100
When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.
The Federal Reserve can decrease the money supply by:
A. conducting open market purchases. B. introducing deposit insurance. C. decreasing the discount rate. D. increasing reserve requirements.