In an economy that uses fiat money, there is no need for double coincidence of wants.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The ________ of something is the gain or pleasure that it brings
A) rational margin B) marginal cost C) benefit D) opportunity cost E) rational choice
Refer to Figure 4.8. If 30 of your friends go to the park and 70 go to the beach,
A) your friends at the beach should switch to the park. B) your friends at the park should switch to the beach. C) your friends at the beach should switch to the park and your friends at the park should switch to the beach. D) your friends should stay where they are.
If there is a financial panic and increased uncertainty about the returns in the stock market and bond market, what is the likely effect on money demand?
A) Money demand declines first, then rises when inflation increases. B) Money demand rises. C) The overall effect is ambiguous. D) Money demand declines.
An employer's effort to minimize transaction costs can result in employment discrimination
Indicate whether the statement is true or false