The major disadvantage of commodity money is that
A) anybody can issue it and walk away.
B) its value fluctuates with the scarcity of the commodity.
C) it is subject to dollarization.
D) the central bank cannot be prevented from issuing too much of it.
B
You might also like to view...
President George W. Bush, who favored a smaller government sector,
a. believed we should increase G to eliminate a recessionary gap. b. believed we should raise taxes to eliminate an inflationary gap. c. favored an active fiscal policy just as well as those who favor a larger government sector. d. argued against the use of an active fiscal policy.
The consumption function shows the relationship between
a. planned consumption expenditures and disposable income. b. permanent income and savings. c. business inventory and real GDP. d. aggregate demand and aggregate consumption.