Writing in The New York Times in 2004,economist Hal R.Varian asserted that dollars are valuable as a result of
A) the fact that they are backed by gold.
B) the cost incurred by the government when it prints paper currency.
C) "network effects."
D) "commodity effects."
Correct Answer:
Verified
Q12: Which of the following is a function
Q22: Commodity money is
A)backed by gold.
B)the principal type
Q40: Treasury Bonds are
A)liquid,but not a store of
Q48: Which type of money has intrinsic value?
A)commodity
Q53: The legal tender requirement means that
A)people are
Q68: Which of the following is not included
Q107: Writing in The New York Times in
Q110: In the early 1990s,the inflation rate in
Q112: Liquidity refers to
A) the ease with which
Q115: Fiat money
A) has no intrinsic value.
B) is
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