Suppose That the Federal Government Suddenly Declared That Wheat Was

question 55

Multiple Choice

Suppose that the federal government suddenly declared that wheat was to be used as money.What is a possible outcome of that decision?

• A)The value of the "wheat dollar" would be unstable depending on crop yields from year to year.
• B)Farmers would replace corn and soy crops with wheat.
• C)Wheat would function as money so long as people accept it in exchange for goods and services.
• D)All of these are possible outcomes.

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded through standard invoicing, representing a company's obligation to make future payments.