Which of the following is NOT a function of money? i. unit of account ii. store of value iii. unit of debt
A) i only
B) ii only
C) iii only
D) both ii and iii
E) both i and ii
C
Economics
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Explain why the oil price shocks after 1973 made countries unwilling to revive the Bretton Woods system of fixed exchange rates. See also Chapter 19
What will be an ideal response?
Economics
Using a Paasche index to calculate the Consumer Price Index (CPI)
A) weights quantities with current prices. B) weights prices with base-year quantities. C) weights quantities with base-year prices. D) weights prices with current year quantities.
Economics
An asset for a commercial bank is its loans
a. true b. false
Economics
If a firm's marginal cost is smaller than its average total cost, its average total cost is
A. decreasing. B. not U-shaped. C. increasing. D. constant.
Economics