Because Federal Reserve Notes (paper currency) are legal tender,
A) U.S. creditors must accept them in payment of debts.
B) U.S. workers must accept them as payment for labor services.
C) U.S. firms must accept them as payment for goods and services.
D) All of he above are correct.
A
You might also like to view...
Assuming no change in the nominal exchange rate, how will a higher rate of inflation in the United States relative to France affect the real exchange rate between the two countries? (Assume the United States is the "domestic" country.)
A) The real exchange rate will rise. B) The real exchange rate will be unaffected. C) The real exchange rate will fall. D) The impact on the real exchange rate cannot be predicted.
Which of the following is an example of labor-market discrimination? You may assume that worker A and worker B have identical characteristics except for the ones listed. A firm offers a higher salary to worker A than worker B because worker A
a. has more education. b. is willing to work the night shift. c. is a man, whereas worker B is a woman. d. has better performance reviews, indicating higher productivity.