A fiduciary monetary system has to have all of the following EXCEPT
A. acceptability.
B. trust.
C. a central bank.
D. predictability of value.
Answer: C
You might also like to view...
P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
In the equilibrium of this game:
A. QRS-TV will air a sitcom and P-TV will air a reality show. B. QRS-TV will air a reality show and P-TV will air a sitcom. C. both stations will air sitcoms. D. both stations will air reality shows.
The average fixed cost of a firm equal:
a. implicit costs divided by output. b. explicit costs divided by output. c. total cost minus variable cost. d. total cost minus total variable cost divided by output.
For a single country to influence the price of some good in the global market:
A. it must be considered a price taker. B. the quantity it produces and consumes must be small relative to the total amount of that good bought and sold worldwide. C. the quantity it produces and consumes must be large relative to the total amount of that good bought and sold worldwide. D. the country must be large relative to other nations in the world
Following Keynesian economics, and assuming a marginal propensity to consume (MPC) of 0.75, an increase in federal government spending of $100 billion at below full employment would be expected to shift the aggregate demand curve by $300 billion to the right
a. True b. False Indicate whether the statement is true or false