To be accepted as money, an item must perform all of the following functions EXCEPT
A) be a medium of exchange. B) serve as a store of value.
C) be easily reproduced. D) serve as a standard of deferred payment.
C
Economics
You might also like to view...
Frictional unemployment increases when
A) real GDP decreases and the unemployment rate rises. B) the number of workers who quit one job to find another increases. C) discouraged workers drop out of the work force. D) workers are replaced by machines and the unemployed workers do not have the skills to perform new jobs.
Economics
Which of the following purchases would most likely be classified as an investment?
a. sun block used to prevent sunburn b. a paper hat used for a birthday celebration c. a robot used to make computers d. chocolate chip cookies used for a lunch
Economics