Question
During a hyperinflation, money is not functioning well as a Select one: a.medium of exchange. b.unit of account. c.store of value. d.all of the above.
During a hyperinflation, money is not functioning well as a
Select one:
a.medium of exchange.
b.unit of account.
c.store of value.
d.all of the above.
Slips representing gold deposits with a bank are NOT an example of _____ money.
Select one:
a.fiat
b.representative
c.credit
d.none of the above
Cigarettes are an example of _____ money.
Select one:
a.commodity
b.fiat
c.representative
d.none of the above
If a fiat money becomes easier to produce, prices denominated in that money will (ceteris paribus)
Select one:
a.rise.
b.fall.
c.stay the same.
d.cannot be determined.
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