Multiple Choice
Which of the following functions of money would be least affected if the economy experiences high rates of inflation?
A) unit of account
B) store of value
C) standard of deferred payment
D) medium of exchange
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q32: Suppose the velocity of money is not
Q33: If bananas were used as money,which of
Q34: The costs of inflation to households and
Q35: According to the quantity theory of money,if
Q36: Hyperinflation can be caused by<br>A) the central
Q38: If actual inflation is lower than expected
Q39: Suppose you lend $5000 to your brother
Q40: Suppose banks hold no excess reserves,households and
Q41: If individuals save less because inflation lowers
Q42: A major shortcoming of a barter economy