5. With increases in the length of time between now and a year from now, which of the following will increase? a. The pr

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5 With Increases In The Length Of Time Between Now And A Year From Now Which Of The Following Will Increase A The Pr 1 (49.3 KiB) Viewed 16 times

5. With increases in the length of time between now and a year from now, which of the following will increase? a. The present value of a payment to be made a year from now. b. The future value a year from now of a payment that is made today Both a, and b. d. None of the above. 6. Which of the following is not a requirement for a qualified medium of exchange? a. Must hold value over time. b. Must be widely common and held in large quantity by everyone. Must be of standardized quality. Must satisfy the double coincidence of want/need". 7. When economists use the term "money" they mean a. Only paper currency b. Currency plus certain types of assets that are highly liquid and can readily be used for exchange c. Wealth d. The value of all financial assets 8. The higher the interest rates, the a. Higher the opportunity cost of holding currency b. Lower the opportunity cost of holding currency c. The more expensive it is to buy bonds d. The higher is the demand for money The annual interest rate is 6%. You are given the option of receiving $800 today or $853 a. year from now. Which option should you take if there is 6 percent inflation? a. $800 today b. $853 a year from today 5. Double coincidence of wants is a frequent problem of: a. Barter b. Fiat money c. Bonds d. None of the above