Multiple Choice
Because money eliminates the "double coincidence of wants" problem, the development of money as a ________ has facilitated the expansion of trade.
A) unit of account
B) store of value
C) medium of exchange
D) measure of value
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q193: M1<br>A) is the sum of currency plus
Q194: Currency held outside banks + demand deposits
Q195: A decrease in the discount rate decreases
Q196: Refer to the information provided in Figure
Q197: Refer to the information provided in Table
Q199: Assume the one-year interest rate on a
Q200: The required reserve ratio is 20%. The
Q201: Which of the following will most likely
Q202: Among the assets of commercial banks are
Q203: If the money multiplier is 4, the