Money serves as all of the following EXCEPT

A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) a symbol that is made of or can be redeemed for a fixed amount of precious metal.
E) a highly liquid asset.


D

Economics

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a. macroeconomics. b. microeconomics. c. both macroeconomics and microeconomics. d. neither macroeconomics nor microeconomics.

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In the long run, all costs are variable

Indicate whether the statement is true or false

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The more firms in an industry and the more equal their size, the larger the HHI

Indicate whether the statement is true or false

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When a $100 bill is printed by the Fed, the Fed has a financial liability because the:

A. Fed issued the bill. B. bill will not be counted as part of M1.  C. Fed is part of the government. D. Fed has the printing machine.

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