Which of the following is true of credit cards?
a. They have eliminated the use of money.
b. They are currently the most popular means of payment in the United States.
c. They are included in the narrow definition of money, M1.
d. They are near-monies.
e. They are used to postpone the payment of money.
Question 2
If a household's income falls from 20,000 to 17,000 and its consumption spending falls from 18,000 to 15,000, then its:
a. marginal propensity to consume is 0.67.
b. marginal propensity to consume is 0.88.
c. marginal propensity to consume is 0.20.
d. marginal propensity to save is 0.
e. marginal propensity to save is 0.12.
A true albino squirrel. Note the pink eyes.
Apparent and True Orbits of Alpha Centauri.
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Masaccio, The Tribute Money.
Examples of the Types of Cards Used in a Test of Inductive Reasoning
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...