Laws,customs,conventions,and Other Institutional Elements That Sustain an Economy Fall Under

question 11

Multiple Choice

Laws,customs,conventions,and other institutional elements that sustain an economy fall under the category of:

• A)the rules of the game.
• B)human capital.
• C)natural resources.
• D)financial institutions.
• E)capital infrastructure.

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Definitions:

Interest Earned

The income received from investments, savings, or as interest payments from loans.

Reporting Currency

The currency used in financial statements to represent an entity's financial performance and position, often the national currency where the company is domiciled.

Price-Level-Adjusted Currency

Currency whose value is adjusted according to changes in a price index, to account for inflation or deflation.

Specific Currency

A particular currency chosen for financial transactions or accounting purposes.