Which of the following is NOT a reason why people are motivated to hold money?
A) precautionary demand B) liability demand
C) asset demand D) transactions demand
B
Economics
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An example of a consumption tax is
A) an income tax. B) transfer payments. C) the Social Security tax. D) a sales tax.
Economics
Suppose Russia's inflation rate is 200% over one year but the inflation rate in Switzerland is only 2%. According to relative PPP, what should happen over the year to the Swiss franc's exchange rate against the Russian ruble?
What will be an ideal response?
Economics