Establishing a unit of value and establishing a standard means of payment are two functions of a monetary system

a. True
b. False

B

Economics

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When demand is written as log(Q) = -0.23 - 0.34 log(P) + 1.33 log(I), the price elasticity of demand equals:

0.72 -0.23 -0.34 1.33

Economics

The Dodd-Frank Act removed which group from decisions regarding the presidents of Federal Reserve Banks?

A) Class A directors B) Class B directors C) Class C directors D) Board of Governors

Economics