Which of the following is both a store of value and a common medium of exchange?
a. corporate bonds
b. mutual funds
c. checking account balances
d. All of the above are correct.
c
Economics
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How has the severity and duration of business cycles changed over time in the United States?
What will be an ideal response?
Economics
If the velocity of the M1 money supply is 4 and nominal GDP is $200 billion, the stock of money in circulation must be:
a. $25 billion. b. $50 billion. c. $100 billion. d. $800 billion.
Economics