Moneys primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization. This function of money is called
A) store of value.
B) medium of exchange.
C) standard of deferred payment.
D) unit of account.
B
Economics
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In the quantity theory of money, which of these variables is endogenous?
A) the price level B) the velocity of money C) real output D) the money supply E) none of the above
Economics
Junk bonds, bonds with a low bond rating, are also known as
A) high-yield bonds. B) investment grade bonds. C) high quality bonds. D) zero-coupon bonds.
Economics