By 2012, the poverty line for a typical family of four stood at about $23,250

If the prices of goods and services were expressed in terms of carved wooden beads, then the carved wooden beads would be serving as a

A) store of value. B) medium of exchange. C) mechanism for transforming present purchases into future purchases. D) unit of account.

When the required reserve ratio is 20 percent, the money multiplier is:

a. 0.2. b. 1.2. c. 2. d. 2.5. e. 5.