Money functions as:
A. a store of value.
B. a unit of account.
C. a medium of exchange.
D. all of these.
D. all of these.
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What percent of Internet access occurs via a mobile device?
A) More than 50 percent B) More than 60 percent C) More than 70 percent D) More than 80 percent E) More than 90 percent
Economic experience since 1973 indicate that, under floating exchange rates
A) large and persistent departures from external balance were not prevented. B) large and persistent departures from external balance were prevented. C) changes in exchange rates failed to act as automatic stabilizers. D) reduced monetary policy autonomy. E) monetary policy autonomy was protected.
The export supply and import demand curves measure the domestic shortage and surplus, respectively, at different world prices
a. True b. False Indicate whether the statement is true or false
Sellers of high-quality used goods are ________ likely to offer money-back guarantees because ________.
A. more; buyers will not ask for their money back B. less; buyers will be willing to purchase high-quality goods even without a guarantee C. more; they are wealthier and so can afford to give money back D. less; buyers consider guarantees to be a sign of an inferior good