A farm worker gets paid today in money, but plans to spend the money next week. This illustrates which function of money?
A) medium of exchange B) standard of deferred payment
C) store of value D) unit of account
C
Economics
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What percentage of all banks in the United States belong to the Federal Reserve System?
A) 5% B) 38% C) 75% D) 90%
Economics
A lack of understanding regarding the current state of the economy creates:
A. an information lag. B. a formulation lag. C. an implementation lag. D. a direction lag.
Economics