Although checking deposits are considered money, they are actually
a. fictitious numbers in persons' checkbooks.
b. backed by commodities like gold.
c. not very useful for making payments.
d. bookkeeping entries in bank balance sheets.
d
Economics
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The main factors that discourage investment in capital and skills in developing countries are
A) political instability, insecure property rights. B) political instability, insecure property rights, misguided economic policies. C) political instability, misguided economic policies. D) political instability. E) insecure property rights, misguided economic policies.
Economics
In the long-run, all costs are
a. Fixed costs b. Variable costs c. Sunk Costs d. Marginal Costs
Economics