Min is not an art lover. But, she just purchased a painting because she thinks it will be a good way to hold her wealth over time. Which function of money is the painting fulfilling?
A. medium of exchange
B. store of value
C. medium of deferred payment
D. unit of account
Answer: B
Economics
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Human beings are generally very good at accurately estimating probabilities
Indicate whether the statement is true or false
Economics
The lifetime income distribution of income is a ________ accurate indicator of the degree of economic inequality than the distribution of ________
A) less; of annual income B) more; of annual income C) less; of wealth D) less; annual Lorenz curves
Economics