An advantage that money has over other assets is that it: Answer a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value overtime d. Has lower transaction costs to use as a means of payment than other assets
An advantage that money has over other assets is that it: Answer a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value overtime d. Has lower transaction costs to use as a means of payment than other assets
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section14.2: History Of Americans Money And Banking
Problem 1R
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Question
An advantage that money has over other assets is that it:
Answer
a. Provides a higher return to the owner
b. Is a safer asset to hold during times of inflation
c. Increases in value overtime
d. Has lower transaction costs to use as a means of payment than other assets
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