Prisoners sometimes determine a single good to be used as money. This good becomes Select one: O a. neither a unit of account nor a medium of exchange O b. a unit of account but not a medium of exchange O c. a medium of exchange and a unit of account O d. a medium of exchange but not a unit of account

Prisoners sometimes determine a single good to be used as money. This good becomes Select one: O a. neither a unit of account nor a medium of exchange O b. a unit of account but not a medium of exchange O c. a medium of exchange and a unit of account O d. a medium of exchange but not a unit of account

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Give me both part of answer
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The $5-bill in your pocket (Canadian) is: (check all that apply) Select all that apply: O a. A liability for you O b. An asset for the Bank of Canada O C. A liability for the Bank of Canada O d. An asset for no one O e. A liability for no one Of. An asset for you
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Assume that you are interested in earning some returnon the idle balances you usually keep in your checkingaccount and decide to buy some money market mutualfunds shares by writing a check. Comment on the effectof your action (with everything else the same) on M1and M2