The two basic ways to define money are
A. the transactions approach and the fiduciary approach.
B. the cash approach and the M3 approach.
C. the liquidity approach and the store of value approach.
D. the transactions approach for M1 and the liquidity approach for M2.
Answer: D
You might also like to view...
Central planning is an ineffective method to organize an economy because
What will be an ideal response?
What special challenges existed for the former communist countries (Central and Eastern European countries and members of the Commonwealth of Independent States) transitioning from centrally planned economies to market-based economies? How successful have these countries been?
What will be an ideal response?
Figure 10.1 shows a monopolist's demand curve. If the monopolist were to maximize its total revenue, it would produce ________ units of output and charge a price of ________.
A. 3; $5 B. 4; $4 C. 5; $3 D. 6; $2
If the average propensity to consume is initially 0.85, the marginal propensity to consume is 0.75, and real disposable income increases by $1000, the value of saving
A. increases by $250. B. decreases by $250. C. increases by $150. D. decreases by $150.