When hyperinflation occurs, money becomes a less efficient medium of exchange because money ceases to be a reliable
A) store of value.
B) unit of account.
C) investment.
D) source of income.
Correct Answer:
Verified
Q33: In the United States, money is backed
Q34: In the United States, currency is
A) backed
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
Q39: When hyperinflation occurs,
A) GDP falls to zero.
B)
Q40: An effective medium of exchange must
A) be
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
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