The two basic ways to define money are
A) the transactions approach and the fiduciary approach.
B) the transactions approach and the M1 approach.
C) the transactions approach and the liquidity approach.
D) the liquidity approach and the store of value approach.
C
You might also like to view...
The scale of transactions in the international capital market has
A) grown more quickly than world GDP since the early 1970s. B) grown less quickly than world GDP since the early 1970s. C) grown about the same rate as the world GDP since the early 1970s. D) been fixed by international regulations. E) decreased more quickly than world GDP since the early 1970s.
When a country adds more capital to its existing stock:
A. it experiences rapidly increasing rates of growth. B. the additional productivity is less than the previous increases to productivity. C. it experiences rapid declines in its level of income. D. the additional productivity is more than the previous increases to productivity.
A firm wanting to maximize profits should operate in such a way that
A) the MRP of each input is equal to or greater than its MFC. B) MRP equal MFC in the input market but MC must exceed MR in the output market. C) marginal revenue must be equal to the marginal revenue product. D) none of the above.
The real interest rate equals:
a. the nominal interest rate minus the inflation rate. b. the nominal interest rate plus the inflation rate. c. the inflation rate minus the nominal interest rate. d. none of the above.