Money is
a. whatever is generally accepted in exchange for goods and services.
b. an object to be consumed.
c. a highly illiquid asset.
d. widely used in a barter economy.
A
Economics
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Market clearing prices can be volatile in a market with inelastic demand and inelastic supply
Indicate whether the statement is true or false
Economics
Which combination of signals would be a strong indication that Fed policy is too expansionary and that a shift to a more restrictive policy is in order?
a. commodity prices are falling and the dollar is appreciating. b. commodity prices are rising and the dollar is depreciating. c. commodity prices are rising and the dollar is appreciating. d. commodity prices are falling and the dollar is depreciating.
Economics