Virtual currency unit 3 (VCU3) is different from VCU2 because:
a. VCU2 cannot be spent in the real world; VCU3 can be spent in the real world.
b. In terms of convertibility, there is no difference; both VCU2 and VCU3 can be purchased with and sold for legal tender.
c. VCU3 can directly affect real world demand, whereas VCU2 cannot affect real-world demand.
d. In terms of their potential to change a nation's M2 money supply, there is no difference because neither VCU3 nor VCU2 affect M
.D
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According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of a decrease in the money supply
A) impacts the economy through the multiplier. B) does not impact the economy. C) impacts the economy by reducing the value of the U.S. dollar. D) impacts the economy by increasing the deficit.
Three of these are examples of nonprice competition. Select the one which is not an example of nonprice competition.
a. location b. physical characteristics c. advertising d. discounts