Suppose that you find out from an L.L. Bean catalogue that a sweater costs $30.00. In this case, money is serving as a
A) medium of exchange.
B) unit of account.
C) store of value.
D) double coincidence of want.
B
Economics
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The excess of the nominal interest rate over the TIPS interest rate is known as the
A) interest-rate differential. B) break-even inflation rate. C) yield spread. D) term structure.
Economics
Scarcity and durability characterize the property of money as a medium of exchange
a. True b. False Indicate whether the statement is true or false
Economics