An effective medium of exchange must
A) be a good store of value.
B) be a unit of account.
C) exhibit low uncertainty over its value in trade.
D) All of the above.
Correct Answer:
Verified
Q35: Deflation is another word for
A) falling prices.
B)
Q36: If people lost confidence in the medium
Q37: On a commercial bank's balance sheet, a
Q38: When hyperinflation occurs, money becomes a less
Q39: When hyperinflation occurs,
A) GDP falls to zero.
B)
Q41: A bank's excess reserves are equal to
A)
Q42: A bank can create new money only
Q43: Velocity is the relationship between a change
Q44: Assume that nominal GDP is $2 trillion
Q45: A bank can make new loans as
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