Homework Answers
Ans:
Currency can be exchanged for gold only in the United States and Europe.
Explanation
The important function of money is as a medium of exchange. Currency can be exchanged for gold in all the countries.It is true that opportunity cost of money exist, income earning investment opportunities exist and present dollars are worth more than future dollars.
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12. Which of the following statements about derivatives is true A) American type options can be...
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Which of the following statements is FALSE? Group of answer choices A dollar in the future...
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me foreign exchange market is the market in which one currency is exchanged for another, Which of the following is true if the dollar becomes weaker on the foreign exchange market—that is, the value of the dollar falls relative to the value of foreign currency? OA. U.S. citizens will import more goods and services from abroad OB. A BMW automobile produced in Germany will cost less to import into the United States, OC. A trip to Europe will be less...
Indicate whether the following statements about income distribution, population and poverty are true or false. True 1. About 2.5 billion people, or more than a third of the world's population, live on $2 or less a day. False 2. The richest 20 percent of the world's population receive more than 80 percent of the world's income. 3. The United States with around 5 percent of the world's population produces approximately 25 percent of the world's output. 4. All DVCs lack...
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Which of the following statements is FALSE?
Group of answer choices A dollar in the future is worth more than a
dollar today. It is only possible to compare or combine values at
the same point in time. The effect of earning interest on interest
is known as compound interest.
Question 4 1 pts Which of the following statements is FALSE? O A dollar in the future is worth more than a dollar today. O It is only possible to...
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