In defining money according to the transactions approach, you would want to include
A. those assets that are used as a medium of exchange.
B. those assets that are used as a standard of deferred payment.
C. those assets that are used as a store of value.
D. those assets that are used as a unit of account.
Answer: A
You might also like to view...
One of the major chains of causation in macroeconomic policymaking is government manipulation of ________ in order to affect ________, and thus ultimately ________
A) the money supply, the interest rate, equilibrium income B) the money supply, equilibrium income, the interest rate C) the interest rate, equilibrium income, the money supply D) equilibrium income, the interest rate, the money supply E) equilibrium income, the money supply, the interest rate
Which of the following statements is true?
A) Adult males, adult females, and teenagers all have similar rates of unemployment due to job losses. B) Almost half of the total teenage unemployment rate appears to be due to the search for the first job. C) Relative to adult males, adult females and teenagers have more frequent unemployment due to reentry and higher quit rates. D) All of the above.