answer all questions Commodity money: has no inherent salute as a commodity or a

Question

answer all questions Commodity money: has no inherent salute as a commodity or asset. tends to have little durability. has an intrinsic use value. has rarely been used in the past looks like any other form of money which of the following would benefit from unexpected inflation? A homeowner paying an adjustable rate mortgage A worker whose union contract specifics annual wage increases over the next four years. A consumer paying off a credit card whose interest rate changes when the rate of inflation changes. A homeowner paying off a fixed rate mortgage Lowering the discount rate: encourages banks to make more risky loans. encourages tanks to borrow excess rescr.es from the Fed so that they will make more loans. Odiscowages hanks from making more consumer loons. the opposite of charging a premium has no effect on the money supply

Explanation / Answer

24. E) both b and c are correct

25. c) has an intrinsic use value

26. d) A homeowner paying off a fixed rate mortgage.

27. b) encourages banks to borrow excess reserves from the Fed so that they will make more loans.

28. c) discretionary fiscal policy

29. b) the normative amount that a worker should be paid.

30. b) rise; income rise

31. A) solely because of its usefulness and acceptability in exchange and by guarantees by a central government.

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