Refer to Table 12.1. The nominal interest rate for the United States is
A) -0.25%.
B) 0.25%.
C) 2.15%.
D) It cannot be determined from the information provided.
B
Economics
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Which of the following illustrates the medium-of-exchange function of money?
A) writing a check to buy a new Volkswagen B) noting that the price of a $20,000 Volkswagen is 16,000 euros C) keeping $20,000 in cash in your mattress instead of buying a new Volkswagen D) driving your $20,000 Volkswagen to a friend's house
Economics
Rational self-interest means
A) always increasing your wealth. B) pursuing what makes you better off. C) pursuing activities that maximize income. D) always pursuing activities that are consistent with your faith.
Economics