As a store of value, money________. ( )
A: does not earn interest.
B: is a way of saving for future purchases.
C: cannot be a durable asset.
D: must be currency.
A: does not earn interest.
B: is a way of saving for future purchases.
C: cannot be a durable asset.
D: must be currency.
举一反三
- Because it is a store of value, money A: does not earn interest B: cannot be a durable asset C: must be currency D: is none of the above
- Although not a unique store of value, people find money a convenient store of value because A: it does not decline in value when prices rise. B: its value remains fixed to the price level; that is, if prices double so does the value of money C: it is the most liquid asset. D: of all of the above E: of none of the above
- If the domestic interest rate decreases, with the foreign interest rate and the expected future spot rate remaining unchanged, the value of the domestic currency vis-à-vis the foreign currency is expected to:
- The role of money that does not cause the demand for money is ( ). A: Standard of value B: Means of exchange C: Means of payment D: Store of value
- 7. If the expected future spot exchange rate value of the foreign currency decreases, with the interest rate differential unchanged, the current spot exchange rate value of the domestic currency: