Which of these inflation rates can be considered a sign of a healthy economy?
a. An inflation rate between 10?20 percent
b. An inflation rate between 2?4 percent
c. An inflation rate between 40–50 percent
d. An inflation rate between 100–200 percent
b
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Money provides a way to transfer wealth into the future. This function of money is known as
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred payment.
Which of the following statements about capital markets is true?
A) At one time, the U.S. capital market was larger than all other capital markets combined, but that is no longer the case. B) The U.S. capital market is currently larger than all other capital markets combined. C) The largest capital markets in the world today are in East Asia and Latin America. D) There are currently large capital markets in Europe, but none in Asia.