Most people who know little about economics do know that the purpose of money is to serve as a medium of exchange, that is, you buy things with it, but they will seldom identify its two other purposes, which are to serve as a
a. measure of value and standard of value
b. measure of value and store of value
c. standard of value and store of value
d. medium of value and store of value
e. measure of value and deferred value
B
Economics
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What kind of economic activity, involving the purchase of stocks rather than physical assets, has skyrocketed in the global market?
a. portfolio investment b. floating exchange rate c. agricultural exportation d. competitive devaluation
Economics
What types of risk can firms mitigate using futures contracts?
A. Price Risk B. Price spread risk C. Production risk D. A and B
Economics