The discount rate is the interest rate charged by the central bank when it makes loans to commercial banks

Which of the following statements is true?

A) An optimizing individual is also likely to exhibit rationality. B) Optimization requires individuals to foresee the future perfectly. C) The less information that is available, the easier it is to make optimal decisions. D) An optimizing individual need not consider the risks involved in various choices.

Money that has value apart from its use as money is called

A) fiat money. B) currency. C) convertible paper money. D) commodity money.