1. Which event indicates that deflation is occuring?
a. a savings account can suddenly buy much more than before
b. the profits of a clothing factory increase rapidly
c. the length of time it takes to pay off a home loan decreases by five years.
d. a local store begins offering ice cream bars at two for $5.00 instead of three for $5.00
5 answers
a. a savings account can suddenly buy much more than before
How does money differ from barter?
a. Money is mostly important as a way to get goods and services
b.money is used to exchange goods and services
c. Money has value only because people agree it has value
d. money has been used for lthousands of years
a. Money is mostly important as a way to get goods and services
b.money is used to exchange goods and services
c. Money has value only because people agree it has value
d. money has been used for lthousands of years
c. Money has value only because people agree it has value.
Bryan needs a new backpack. He compares theprices of three different backpacks at a local store. What function of money is Bryan demonstrating?
a.unit of account
b.store of value
c.acceptance of payment
d.medium of exchange.
a.unit of account
b.store of value
c.acceptance of payment
d.medium of exchange.
a. unit of account