The "yardstick" people use to post prices and record debts is called
a. a medium of exchange.
b. a unit of account.
c. a store of value.
d. liquidity.
b
Economics
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The Federal Reserve Board of Governors has:
A. Seven members appointed by the president of the United States. B. Fourteen members appointed for seven-year terms by the president of the United States. C. Seven members elected by U.S. citizens. D. Fourteen members selected by the U.S. Senate.
Economics
At a price above the breakeven point of a perfectly competitive firm, the firm will suffer losses in the short run
a. True b. False Indicate whether the statement is true or false
Economics