The bad money in the law of bad money expelling good money refers to ( ).
A: A money whose nominal value is higher than its real value
B: A money whose nominal value is lower than their real value
C: Money with no nominal value
D: Money with no real value
A: A money whose nominal value is higher than its real value
B: A money whose nominal value is lower than their real value
C: Money with no nominal value
D: Money with no real value
举一反三
- The role of money as a store of value refers to: () A: the value of<br/>money falling only when the money supply falls. B: the value of<br/>money falling only when the money supply increases. C: the fact that<br/>money allows worth to be stored readily. D: the fact that<br/>money never loses its value compared with other assets.
- If money is neutral, then changes in the quantity of money A: do not affect real output. B: affect both nominal and real output. C: do not affect nominal output. D: affect neither nominal nor real output.
- The quantity of real money balances demanded depends on the ____ A: nominal interest rate. B: rate of inflation. C: nominal money supply. D: price level.
- The role of money that does not cause the demand for money is ( ). A: Standard of value B: Means of exchange C: Means of payment D: Store of value
- The concept of time value of money is based on