The value of money or income in terms of the quantity of goods the money can buy is called its:
A. real value.
B. marginal value.
C. nominal value.
D. implicit value.
Answer: A
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The National Restaurant Association states that the restaurant industry has an economic effect of more than $1.7 trillion annually in the United States,
with every dollar spent in restaurants generating an estimated total of $2.05 in spending in the economy. This indicates that the spending multiplier for the restaurant industry is equal to A) 1.21. B) 1.70. C) 2.05. D) 4.25.
If Allan lives in Boston and decides to buy a pair of hockey skates from Canada for $100, and the Canadian he bought them from buys a baseball hat and jersey for $100 from Boston, then the U.S. next exports:
A. and net capital outflow are both zero. B. and net capital outflow both equal ?$100. C. is zero and net capital outflow is ?$100. D. equals ?$100 and net capital outflow is zero.
Which of the following facilitates the movement of checks across the country?
a. Board of Governors b. Treasury Department c. Federal Open Market Committee d. Federal Reserve Banks e. Department of Commerce
What is the Federal Open Market Committee and what are its main functions?
What will be an ideal response?