Which of the following provides the best explanation of why money is valuable?
a. Money is valuable because it is indivisible.
b. Money is valuable because it is scarce.
c. Money is valuable because it is backed by precious metals, primarily gold and silver.
d. Money is valuable because it has intrinsic value, independent of its use as a means of exchange.
b
Economics
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Bank reserves are increased by
A) Treasury currency outstanding. B) Treasury cash holdings. C) Federal Reserve capital. D) currency in circulation.
Economics
The BIC is a statistic
A) commonly used to test for serial correlation B) only used in cross-sectional analysis C) developed by the Bank of England in its river of blood analysis D) used to help the researcher choose the number of lags in an autoregression
Economics