The liquidity property of money is the property that makes money
A. a good store of value and a good unit of account.
B. a good store of value and a good standard of deferred payment.
C. a good medium of exchange and a good unit of account.
D. a good medium of exchange and a good store of value.
Answer: D
You might also like to view...
Refer to the table above. Laborland's net payment to foreigners equals ________
A) -$23 billion B) $20 billion C) -$61 billion D) $23 billion
How does a government budget surplus or deficit influence the loanable funds market?
What will be an ideal response?
Fractional reserve banking
(a) destroys money. (b) requires banks to engage in 100 percent of total banking activities. (c) allows banks to create money while requiring them only to hold a fraction of money. (d) all of the above.
If the graph shown is displaying a competitive labor market:
A. S would represent an individual worker's supply of labor at each wage.
B. S would represent the firm's supply of jobs at each wage.
C. P* would represent the equilibrium wage.
D. Q* would represent the equilibrium wage.