The struggles and controversies over federal and state powers led to the demise of both the First and Second Bank of the United States

Which of the following is consistent with the circular flow of income?

I. Goods and services flow in one direction. II. Payments and incomes flow in one direction. III. Sellers receive less than what buyers spend. A) I only B) II only C) III only D) Both I and II

The three functions of money are

A) store of value, medium of exchange, payment specie. B) store of value, unit of account, bank settlement. C) store of value, unit of account, to regulate the economy. D) store of value, unit of account, medium of exchange.