Holding nonmonetary assets and converting them to money when necessary is justifiable so long as
A) nonmonetary assets pay an interest rate above that available on money.
B) nonmonetary assets pay an interest rate below that available on money.
C) money, and not nonmonetary assets, are generally used in transactions.
D) money and nonmonetary assets are both used as bartering items.
A
Economics
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Managed float exchange systems were abandoned with the implementation of the gold standard
Indicate whether the statement is true or false
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A dictator is most likely to
A) adopt a Rawlsian social welfare function. B) maximize her own utility. C) place equal weight on everyone's utility function. D) have nontransitive preferences.
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