A "near money" is an asset that can be
a. indistinguishable from commodity money.
b. spent easily.
c. a close substitute for money.
d. only issued by a bank.
c
Economics
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Lack of information to consumers on prices is a problem of
a. government failure b. externalities c. exploitation d. market failure e. none of the above
Economics
If the price of labor is constant and a firm experiences diminishing marginal product, then its
A) marginal costs increase. B) marginal costs decrease. C) fixed costs increase. D) total costs decrease.
Economics