In a world where Say's Law always holds true, which function of money seems crazy?
A) medium of value
B) medium of exchange
C) store of value
D) store of exchange
E) unit of account
Correct Answer:
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Q5: When average prices fall,
A) there is movement
Q6: When the interest rate falls,
A) there is
Q7: When average prices rise, the
A) quantity demanded
Q8: Holding money to reduce uncertainty makes sense
Q9: A double coincidence of wants requires
A) two
Q11: A barter economy has a problem known
Q12: When real GDP decreases, the
A) quantity demanded
Q13: When average prices rise, the
A) quantity demanded
Q14: Which is a recognized function of money?
A)
Q15: The law of demand for money says
A)
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