Multiple Choice
Problems with the use of commodity money include all of the following except
A) it is expensive to produce.
B) there is an opportunity of fraud in the production of commodity money.
C) bits could be clipped off coins and melted down without detection.
D) it carries a high opportunity cost because the commodity could not be diverted from other uses.
E) there are several good substitutes.
Correct Answer:

Verified
Correct Answer:
Verified
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Q13: According to a study by Thomas Cooley
Q14: The nominal interest rate affects the opportunity
Q15: In the monetary intertemporal model,inflation is<br>A) equal
Q16: An alternative way to achieve some of
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Q20: The Diamond-Dybvig model provides a rationale for
Q21: Moral hazard is a problem in providing
Q22: A liquidity trap is where<br>A) real interest