If you put a $20 bill in the pocket of your winter coat at the beginning of spring so that you will be surprised when you find it again next winter, you are using money as
A. a unit of account.
B. a store of value.
C. a medium of exchange.
D. bank reserves.
Answer: B
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Humberto is the chief operational officer (COO) of the SodaSopa Company and currently serves on the board of directors of the Helium Company of America. Humberto is considered ________ of the Helium Company of America
A) a managing director B) an unpaid advisor C) an outside director D) an inside director
More than 70 percent of national income can be attributed to:
a. compensation of employees. b. rental income. c. corporate profit. d. net interest. e. proprietors' income.
Demand-pull inflation is most pronounced during a recession (as opposed to the recovery phase of the business cycle)
a. True b. False Indicate whether the statement is true or false
The world’s nations meet through the World Trade Organization to negotiate how they can reduce barriers to trade and to ___________ trade.
a. discourage b. prevent c. encourage d. limit