The cost of holding money is best described as
A. the yield which is paid to money holders by the U.S. government.
B. the cost of printing money.
C. the goods and services that money can buy
D. the yield that could have been earned had the asset been held in another form.
Answer: D
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The liquidity approach to measuring money stresses the role of money as a
A) temporary store of value. B) medium of exchange. C) unit of accounting. D) standard of deferred payment.
The Federal Reserve System consists of ________
A) eleven district banks and a board of governors B) ten district banks and the FOMC C) eleven district banks D) twelve district banks and a board of governors E) none of the above
If the supply of labor to a monopsonist is everywhere unit elastic, then the wage will equal
A) the marginal expenditure. B) one-half of the marginal expenditure. C) the marginal revenue product of labor. D) one.
On a graph for the Gini Coefficient, perfect equality would be represented by the equation ______.
a. G = -1 b. G = 0 c. G = 1 d. G = 100