One problem with fiat money, as compared to commodity money, is that:
a. more resources are used to create fiat money
b. there is frequently too little fiat money available.
c. there is a greater potential for inflation with fiat money.
d. fiat money must be turned in to the government to receive the commodity on which it is based.
e. fiat money is less divisible than commodity money.
c
Economics
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Using the data in the table above, the equilibrium quantity and equilibrium price for a stapler is
A) 10,000 and $8. B) 90,000 and $8. C) 100,000 and $5. D) 70,000 and $6. E) 60,000 and $5.
Economics
The time is March 2018. The United Kingdom (UK) committed to leave the European Union (EU) in March 2019. What are the issues the UK and the EU had to resolve for Brexit to be relatively smooth and orderly?
What will be an ideal response?
Economics