A $70 price tag on a sweater in a department store window is an example of money functioning as a:
A. unit of account.
B. standard of deferred payments.
C. store of value.
D. medium of exchange.
A. unit of account.
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As interest rates fall, the
A) promised payments of bonds fall. B) face values of bonds fall. C) price of bonds rises. D) price of bonds falls.
Refer to Figure 4.8. If half of your friends go to the beach and half go to the park, you will receive a payoff of ________ if you go to the beach
A) 0 B) 250 C) 500 D) You cannot determine your payoff because the figure represents your payoff from going to the park.
The first phase of a typical cycle of economic populism is usually
A) hyperinflation. B) rising growth and rising wages. C) falling growth and falling wages. D) rising unemployment. E) severe disinflation.
The ratio of a bank's after-tax profit to bank capital is known as
A) net interest margin. B) return on equity. C) return on capital. D) spread.