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Author Question: Matthew purchases a candy bar with his allowance. This purchase represents using money as A) a ... (Read 64 times)

jasdeep_brar

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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