The demand for loanable funds has a ________ slope because the lower the interest rate, the ________ number of investment projects are profitable, and the ________ the quantity of loanable funds demanded. A.negative; lesser; greater B.positive; lesser; lesser C.negative; greater; greater D.positive; greater; greater E.negative; greater; lesser QUESTION 14The statement "This Dell laptop costs $1,200" illustrates which function of money? A.Liquidity. B.Medium of exchange. C.Standard of deferred payment. D.Store of value. E.Unit of account.

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 14

The statement "This Dell laptop costs $1,200" illustrates which function of money?

A.

Liquidity.

B.

Medium of exchange.

C.

Standard of deferred payment.

D.

Store of value.

E.

Unit of account.

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