Which of the following applies to money when it serves as a store of value?
I. Money is a store of value because it is an agreed measure for stating goods' prices.
II. The more stable money's value, the better it serves as a store of value.
III. When money serves as a store of value, it requires a double coincidence of wants.
A) I only
B) II only
C) I and II
D) II and III
B
Economics
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In the above figure, if the price is $4 per unit, how many units will a profit maximizing perfectly competitive firm produce?
A) 0 B) 5 C) 20 D) 30
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The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. There is a marginal external ________ of ________ per ton
A) benefit; $200 B) benefit; $100 C) cost; $200 D) cost; $100
Economics