The fungibility of money means that
A. the categories people create to organize their expenditures are meaningless in financial terms.
B. people often create false distinctions between categories of debt.
C. thinking large, one-time expenses should be paid off over a period of time, while everyday expenses should come out of your checking account, is irrational.
D. All of these statements are true.
D. All of these statements are true.
Economics
You might also like to view...
In the circular-flow diagram, households and firms are the decision makers
a. True b. False Indicate whether the statement is true or false
Economics
Under what conditions is it likely that the labor supply curve may become backward bending? What roles do the income and substitution effects play?
What will be an ideal response?
Economics