Hard money:
A. includes cash.
B. is the least narrow definition of money.
C. is not very liquid.
D. cannot always be used in transactions immediately, but is accessible.
Answer: A
You might also like to view...
Define the "consumption function."
What will be an ideal response?
The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2010 to 2012. The reference base year is 2011. The inflation rate in Syldavia from 2011 to 2012 was
A) 8.4 percent. B) 8.0 percent. C) 4.0 percent. D) 3.0 percent. E) 10.3 percent.
Which of the following would cause the money demand curve to shift to the left?
A) a decrease in real GDP B) an increase in the interest rate C) an increase in the price level D) an open market purchase of Treasury securities by the Federal Reserve
Which of the following countries have a relative abundance of natural resources?
a. Japan b. Canada c. Hong Kong d. all of the above