In today's economy, dollar bills serve as money because
A) people have confidence that others will accept them as money.
B) they are backed by gold.
C) they have a value as a commodity independent of their use as money.
D) they can be redeemed for gold by the Federal Reserve.
A
You might also like to view...
Suppose a firm has an investment project which will cost $200,000 and result in $30,000 profit. The firm will not undertake the project if the interest rate is
A) greater than 15 percent. B) greater than 10 percent. C) greater than 5 percent. D) positive.
In which situation might a company NOT want to maximize profit?
A. A small business owner who sells a highly specialized product at a high price in order to compete with more established businesses in the area B. A family-owned company that has to decide between hiring a family member and hiring a highly-qualified external candidate C. A conglomerate with a highly streamlined supply chain who sells generic goods D. A corporation that has performed poorly in the last two quarters and is looking for new upper-management