The primary concern of current critics of fiat money is that:
A. fiat money is too easy to counterfeit.
B. government will issue too little threatening economic growth.
C. fiat money is too costly to produce.
D. governments issue too much money threatening its value.
Answer: D
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Which of the following expenditures associated with the production of a new high-performance SUV will be directly included in GDP?
A) the sale of bonds to finance the construction of the assembly plant B) the purchase of used welding robots to assemble to vehicles C) the purchase of new tires to be installed on the new vehicles D) the purchase of new machine tools to manufacture the engines
Which of the following is the least liquid asset?
a. checkable deposits. b. savings-type deposits. c. traveler's checks. d. demand deposits. e. cash.