In comparing money to a U.S. Treasury bond held by an individual, we can say:
A. only the bond is legal tender since it is an obligation of the U.S. government.
B. both are legal tender.
C. both are units of account.
D. both are stores of value.
Answer: D
You might also like to view...
High employment spurs economic growth because high employment
A) usually reduces inflation. B) discourages foreign imports. C) often leads to a high birth rate. D) often leads to high rates of investment.
Behind the Glass-Steagall Act was the feeling that __________ is too risky for commercial banks
A) underwriting corporate securities B) competing to pay high deposit rates C) making business mortgage loans D) interstate branching
An exclusive dealing contract is a ________ contractual requirement that ________.
A) vertical; forbids the buyer from selling products that compete with the seller's product B) horizontal; forbids the buyer from selling products that compete with the seller's product C) horizontal; requires the buyer to purchase 100 percent of the product that it needs from the supplier D) vertical; requires the buyer to purchase 100 percent of the product that it needs from the supplier
Firms in which type of market structure have the least incentive to advertise?
a. monopoly b. oligopoly c. monopolistic competition d. perfect competition e. all have an equal incentive