What are the functions of money?
a. Medium of exchange, store of value, unit of account, standard of deferred payments
b. Payment of credit, store of debt, unit of account, medium of exchange
c. Medium of exchange, store of debt, unit of account, standard of deferred payments
d. Payment of credit, store of value, unit of account, medium of exchange
a. Medium of exchange, store of value, unit of account, standard of deferred payments
You might also like to view...
_____________ rhythms are the daily rhythmic activity cycles, based on 24-hour intervals, that humans experience
a. Circadian b. Cybernetic c. Dynamic d. Calibrated
All of the following apply to the description of a market in equilibrium except: a. quantity supplied equals quantity demanded. b. the intersection of the supply and demand curves. c. no excess supply exists
d. no excess demand exists. e. the price of the good is falling.
If farmers expect the government to increase subsidies on corn grown next year for ethanol production, we should not be surprised to observe
A. a decrease in corn production. B. a decrease in wheat production. C. a decrease in ethanol production. D. all of the above.
If a good is price elastic, an increase in price will increase total revenues
Indicate whether the statement is true or false