Author Question: Something becomes money only if A) people use it as a general medium of exchange. B) it is ... (Read 67 times)

ap345 · **on:** Jun 29, 2018

Something becomes money only if

A) people use it as a general medium of exchange.
B) it is backed by another commodity, typically gold or silver bullion.
C) the central government says it's money.
D) it promises to pay the bearer a fixed quantity of a scarce metallic good.

Question 2

There are two major Internet service providers in Eduland. One company has a market share of 60 and the other firm has a market share of 40. The Herfindahl-Hirschman Index for this industry is ________.

A) 100,000
B) 1,200
C) 5,200
D) 100