Comparing checks and currency, we can say:
A. only checks are both money and legal tender.
B. both are money and legal tender.
C. a check isn't money but currency is.
D. both are money but only currency is legal tender.
Answer: C
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The demand curve for U.S. dollars slopes downward because as the dollar ________ U.S. goods become ________ expensive to foreign residents, so they purchase fewer U.S. goods, and the quantity of dollars demanded decreases
A) appreciates; more B) appreciates; less C) depreciates; more D) depreciates; less
What is inflation and how is it measured using the Consumer Price Index?
What will be an ideal response?
A(n) _____ is an increase in wealth caused by an appreciation of the value of an asset that an individual or corporation owns
a. inflationary gain b. profit c. capital gain d. accelerated appreciation
The product-variety externality states that entry of a new firm conveys a negative externality on consumers
a. True b. False Indicate whether the statement is true or false