By Gresham's law, commodity money will always drive out fiduciary money
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Refer to Table 2-1. Which of the following would be a mutually agreeable rate of exchange?
A) 1F = 1C B) 1F = 2C C) 1F = 3C D) No exchange rate would be mutually agreeable.
Economics
If two or more firms collude to fix prices, this would be outlawed by the:
a. Federal Trade Commission Act. b. Clayton Act. c. Robinson-Patman Act. d. Sherman Antitrust Act.
Economics
In a closed economy that does not have international trade, the spending multiplier equals _____
a. 1/MPS b. 1/MPC c. 1/(MPC-1) d. 1/(1-MPS) e. 1/(1+MPS)
Economics
An increase in the interest rate shifts the money demand curve to the right
a. True b. False
Economics