« previous next »

Author Question: Matthew purchases a candy bar with his allowance. This purchase represents using money as A) a ... (Read 28 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Matthew purchases a candy bar with his allowance. This purchase represents using money as
 
  A) a medium of exchange.
  B) a store of value.
  C) an unit of account.
  D) none of the above.

Question 2

Which of the following is TRUE regarding the real interest rate?
 
  I. The real interest rate is the opportunity cost of borrowed funds.
  II. The real interest rate equals the nominal interest rate adjusted for inflation.
  A) I
  B) II
  C) both I and II
  D) neither I nor II


Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

William Diller Matthew. William Diller Matthew.
St. Matthew, from the Gospel Book of Charlemagne. St. Matthew, from the Gospel Book of Charlemagne.
Matthew Ritchie, three stills from The Iron City. Matthew Ritchie, three stills from The Iron City.
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ... Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ...
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library