Are credit cards "money"?
A) No, because they are not used as a general medium of exchange.
B) No, because they are used to make money.
C) Yes, because they are used as a general medium of exchange.
D) Yes, because they are used to make money.
A
Economics
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Signals may prevent adverse selection if
A) sending a false signal is cheap for the agent. B) sending a false signal is costly for the agent. C) agents as rational. D) signals are as good as cheap talk.
Economics
Steve holds 100 shares of a company that currently trade at $10 . There is a 50 percent probability of the market price increasing to $15 within the next quarter. If Steve waits for the market price of shares to increase before selling them off, he would be considered risk averse
Indicate whether the statement is true or false
Economics