financial assets differ from money in that other financial assets

Economics Nov 25, 2020

financial assets differ from money in that other financial assets... a. All of the other options are correct. b. Offer a return in the form of an interest or dividend payment. c. Carry the risk that their values can fluctuate significantly from time to time. d. Cannot be used as a means of payment.
Which of the following is not a function of money? a. Measure of well-being. b. Medium of exchange. c. Unit of account. d. Store of value.
If real money demand is given by L = 100 - 20i, where iis listed in percent (ie, i = 5 means the interest rate is 5 percent), and the Bank of Canada wishes to have an equilibrium interest rate of 4 percent, then the appropriate real money supply is... O a. 20. O b. 120. c. 60. O d. 80

Expert Solution

Ans.

1.(a) All of the above

2. (a) Measure of well-being

3. (a) 20

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