Buying a cup of coffee with a dollar bill represents the use of money as a:
a. unit of account.
b. medium of exchange.
c. store of value.
d. All of the answers are correct.
b
Economics
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Suppose Jennifer has $42,000 in currency which she deposits in her bank. If the reserve ratio is 50 percent, this will lead to a maximum increase of ________ in M1 throughout all banks
A) $0 B) $21,000 C) $42,000 D) $84,000
Economics
In effect, people feel that driving is safer than flying and also prefer to do so because of _____
a. anchoring b. overconfidence c. status quo d. loss aversion e. familiarity
Economics