Which of the following items serve as a unit of account?
I. $100 cash
II. checkable deposits
III. an original Picasso painting
IV. a $1,000 corporate bond that you own
A) I only
B) I and II
C) I, II, and III
D) I, II, and IV
E) I, II, III, and IV
Ans: B) I and II
Economics
You might also like to view...
Buying a diversified mutual stock fund allows you to
A) completely avoid all types of risk. B) avoid only random, unsystematic risk. C) avoid only systematic risk. D) avoid risk only when all the stock prices are perfectly correlated.
Economics
Economists believe that political instability can facilitate economic development in an LDC by making its citizens more open to change and new technology
Indicate whether the statement is true or false
Economics