Janae purchased 10 Bitcoins in February with the intention of holding them until October and then selling them at a higher price. Janae was engaged in
A) diversification.
B) arbitrage.
C) speculation.
D) asset liquification.
C
Economics
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When a bank loans out $1,000, the money supply
a. does not change. b. decreases. c. increases. d. may do any of the above.
Economics
If real GDP per person were equal to $2,000 in 1900 and grew at a one percent annual rate, what would be the value of real GDP per person 100 years later?
A. $2,210 B. $4,000 C. $20,000 D. $5,410
Economics