Money is still useful during times of inflation because

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Reference no: EM13692490

1: Money is still useful during times of inflation because

A: it still retains the characteristic of predictability of value

B: More money can be made so people can still purchase the goods and services they want

C: it is not a liquid asset

D: Its opportunity cost falls as inflation rises

2. the opportunity cost of holding a dollar is

A: a dollar

B: the price of a government bond

C: less than a dollar

D: the interest yield that could have been earned by holding some other asset.

3. The money supply is

A: the rate at which the Federal Reserve Board prints currency

B: limited to currency and coins

C: the amount of money in circulation

D: the rate at which the Federal Reserve Board creates money

Reference no: EM13692490

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