The attribute that distinguishes money from other assets is that only money
A) retains its value during times of inflation.
B) is counted in determining the size of an individual's wealth.
C) serves as a medium of exchange.
D) may be used as collateral for a bank loan.
C
Economics
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Which of the following is TRUE regarding the chain-weighted output index method?
I. It is the method used to measure the growth rate of nominal GDP. II. It uses data from the current year and from the previous year. III. It is a method of measuring the growth rate of real GDP. A) I and II B) II and III C) I and III D) I, II and III
Economics
Wage differences can be explained by all of the following except
A) economic discrimination. B) differences in marginal revenue products. C) compensating differentials. D) comparable worth.
Economics