Which one of the following is NOT money?
A. Gold
B. A dime
C. A demand deposit
D. A NOW account
A. Gold
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The principal lender-savers are
A) governments. B) businesses. C) households. D) foreigners.
Suppose you use the rate of inflation as the interest rate for determining the present value of $1. What would the present value of $3,000 received in three equal yearly payments be if the current rate of inflation is 3.5% and increases by 15 basis points each year?
What will be an ideal response?
When the money market is drawn with the value of money on the vertical axis, as the price level decreases the quantity of money
a. demanded increases. b. demanded decreases. c. supplied increases. d. supplied decreases.
In 1911, the Standard Oil Trust was ______.
a. bought by U.S. Steel b. broken up by the Sherman Antitrust Act c. merged with the American Tobacco Company d. seized by the government under the Clayton Act