Which of the following functions of money would prove rather useless if inflation were extremely high?

A) medium of exchange
B) store of value
C) standard of value
D) all of the above

B

Economics

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In the above figure, Brendan originally consumes at point A. If his income falls and compact discs are a normal good but haircuts are an inferior good then he will begin consuming at a point such as

A) B. B) E. C) F. D) G.

Economics

If you own a $1,000 face value bond with one year remaining to maturity and a 3 percent coupon rate and new bonds are paying 14 percent, what is the most you can get for your old bond?

A) $903.51 B) $997.19 C) $1,000 D) $1,140

Economics