The value of the U.S. dollar bill is determined by

A) the quantity of gold in Fort Knox.
B) the quantity of gold in the Federal Reserve.
C) the quantity of gold in circulation.
D) the gold futures market.
E) none of the above.

E

Economics

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Explain why any firm must generate enough revenue to cover its variable costs in the short run

What will be an ideal response?

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A one-year Treasury bill with an annual yield of 10 percent and a price of $909.09 has a face value of

A) $900. B) $1,000. C) $980. D) $1,020.

Economics