The Midpoint Price Between $20 and $40 Is

question 55

Multiple Choice

The midpoint price between $20 and $40 is

• A)$10
• B)$20
• C)$30
• D)$15
• E)$200

---

Definitions:

Bank Charter

A legal document that authorizes the creation of a banking institution and outlines its operations.

M1

The most liquid components of the money supply, including cash, demand deposits, and other liquid deposits against which checks can be written.

Passbook Savings Accounts

A type of savings account where transactions are recorded in a physical booklet, traditionally offering low interest rates.

Double Coincidence of Wants

A situation in a barter system where two parties each hold an item the other wants, allowing them to exchange goods directly without the need for money.