Multiple Choice
The function of money that helps assess the opportunity cost of an activity is money's use as a
A) medium of exchange.
B) store of value.
C) unit of account.
D) store of debt.
E) barter tool.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q160: Suppose the desired reserve ratio is 10
Q161: What is larger: M1 or M2? Why?
Q162: The Federal Reserve System provides banking services
Q163: Fiat money means<br>A)Italian currency.<br>B)money's value does not
Q164: In response to the financial crisis in
Q166: Money serves as a<br>A)means of payment,legal obligation,and
Q167: The required reserve ratio is 10 percent
Q168: The monetary base is the sum of<br>A)Federal
Q169: Money must be _ which includes the
Q170: The interest rate the Federal Reserve charges