Money functions as a store of value if it allows you to:
Delay purchases until you want the goods
Measure the value of goods in a reliable way
Increase your confidence in money
Make exchanges in a more efficient manner
Delay purchases until you want the goods
Economics
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Less-developed countries are poor for all of the following reasons except one. Which one?
A. The labor force is too small. B. Labor productivity is low. C. Investment funds tend to flow abroad D. Investment in human capital is very low.
Economics
Choose the letter of the diagram in Figure 36.2 that represents the shift in the foreign exchange market for dollars given the following situation, ceteris paribus: A sudden, unexpected surge in inflation in the United States causes reduced purchases of U.S. goods by foreigners.
A. a. B. b. C. c. D. d.
Economics