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Author Question: Fogel and Engerman (1974) argue that slavery was economically viable until 1860. Indicate whether ... (Read 53 times)

faduma

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on: Jun 30, 2018
Fogel and Engerman (1974) argue that slavery was economically viable until 1860.
 
  Indicate whether the statement is true or false

Question 2

Out of the various types of M1 (demand deposits, coins and bank notes), only demand deposits
 
  (a) can be used to generate loans by banks.
  (b) serve as a medium of exchange.
  (c) serve as a unit of account.
  (d) store value.


princessflame2016

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

(a)


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