Which of these signifies the role of money in any economy?
a. It acts as a tool for poverty alleviation in an economy.
b. It serves as a medium of exchange in an economy.
c. It indicates the economic wellbeing of a nation.
d. It helps to differentiate between the nominal and real income of a nation.
e. It is a clear indicator of the growth in national income.
Question 2
Excluding foreign competition, which of the following is an oligopoly in the United States?
a. The computer industry.
b. The automobile industry.
c. The steel industry.
d. All of these are oligopolies.
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