Price levels rarely remain the same.This implies that money is
A) an excellent medium of exchange.
B) divisible.
C) a good medium for measuring value.
D) an imperfect medium for storing value.
Correct Answer:
Verified
Q79: Money is an imperfect store of value
Q80: Fiat money is
A)always backed by gold or
Q81: Liquid assets that are close substitutes for
Q82: The new $20 bills are being introduced
Q83: The M1 money supply is composed of
A)currency,
Q85: One difference between the assets included in
Q86: The narrowest definition of the money supply
Q87: Commodity money is
A)backed by gold.
B)money with intrinsic
Q88: One conceptual problem in assigning assets to
Q89: Fiat money has value because it
A)is backed
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