A car dealer sells you a car today in exchange for money in the future. This illustrates which function of money?
A) standard of deferred payment B) unit of account
C) medium of exchange D) store of value
A
You might also like to view...
Economists who are concerned with the effect of fiscal policy on the ability of households and firms to borrow to finance consumption will focus on ________, and economists who want to know whether the government's fiscal policy is sustainable will
focus on ________. A) yearly budget deficits; the federal debt B) the federal debt; yearly budget deficits C) yearly budget deficits; both the federal debt and yearly budget deficits D) the federal debt; both the federal debt and yearly budget deficits
Germany Inc refers to:
a. the use of corporations to produce output b. the close relationship between government and business c. raising capital through stock markets d. interlocking directorates and cross holdings e. none of the above