Today's Federal Reserve bank notes promise to pay the bearer
A) nothing.
B) a fixed quantity of gold.
C) a variable quantity of gold.
D) a specific interest rate.
E) a variable interest rate.
A
Economics
You might also like to view...
What is an example of a good whose price goes down because of improvements in technology?
What will be an ideal response?
Economics
Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7,
respectively, a 10% increase in capital combined with a 5% increase in labor and a 5% increase in productivity would increase the current level of output to A) 5015. B) 5325. C) 5575. D) 6000.
Economics