An asset is best able to serve as a medium of exchange if it is:

A. nonliquid.
B. a store of value.
C. liquid.
D. not a store of value.


Answer: C

Economics

You might also like to view...

Indifference curves show the ________ of combinations of two products.

A. marginal utility B. secular utility C. total utility D. individual utility

Economics

Price flexibility is a key feature of ________

A) traditional Keynesian theory B) new Keynesian theory C) real business cycle theory D) traditional Keynesian, new Keynesian and real business cycle theory

Economics

Which of the following is a firm's supply curve in a perfectly competitive market?

a. Total cost. b. Marginal revenue. c. Marginal cost. d. Average variable cost.

Economics

We know that in the long run, perfectly competitive firms produce where MC = MR and end up making zero economic profit. The profit-maximizing output level for a monopolist is where

a. price is maximized b. quantity is maximized c. ATC curve is minimized d. maximum efficiency is achieved e. MR = MC

Economics