Which of the following is not a store of value?
a. Dollar bills.
b. Credit card.
c. Coins.
d. Gold.
b
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When a commercial bank lends $1000 to a customer, and the loan proceeds are spent by the customer, the legal reserves of the banking system
A) decline by $1000. B) do not change unless the loan proceeds are withdrawn in currency. C) rise by $1000. D) rise by more than $1000 because spending increases nominal GDP.
International trade theory implies that international trade is beneficial to all trading countries. However, casual observation leads to the conclusion that official obstruction of international trade flows is widespread
How might you reconcile these two facts?
An increase in household production will increase gross domestic product (GDP)
a. True b. False Indicate whether the statement is true or false
Which of the following has resulted from the North American Free Trade Agreement (NAFTA)?
a. trade between the United States and Mexico increased. b. trade between the United States and Canada increased. c. the joint output of the United States, Mexico, and Canada has increased. d. all of the above are correct.