The objects that we use as money today are
A) checks and credit cards.
B) currency and checks.
C) currency and deposits.
D) deposits and checks.
E) currency, deposits, and gold.
C
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Identify the correct statement
A) Countercyclical monetary policy stimulates the economy during a recession by shifting the labor demand curve to the left. B) Countercyclical fiscal policy stimulates the economy during a recession by shifting the labor demand curve to the left. C) Countercyclical monetary policy slows down the growth rate of an economy during an expansion by shifting the labor demand curve to the right. D) Countercyclical fiscal policy stimulates the economy during a recession by shifting the labor demand curve to the right.
If the regulator wanted to maximize the total surplus in a natural monopoly market, the regulator has the firm set its price equal to its
A) average fixed cost. B) average total cost. C) average variable cost. D) marginal cost.