Costs of trading are referred to as______ costs.
A) trading
B) menu
C) shoe-leather
D) transactions
Correct Answer:
Verified
Q4: When you buy something one day and
Q5: When money is used as a value
Q6: When two producers are trading without money,
Q7: When people use money by trading it
Q8: If money is a legal tender, it
Q10: Higher the rate of inflation
A)slower will be
Q11: Which of the following is NOT a
Q12: Hyperinflation occurs when
A)the inflation rate is extremely
Q13: Inflation affects money by
A)increasing money's efficiency as
Q14: As a medium of exchange, money makes
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