You Put Money in the Bank

question 164

Multiple Choice

You put money in the bank.The increase in the dollar value of your savings

• A)and the change in the number of goods you can buy with your savings are both nominal variables.
• B)and the change in the number of goods you can buy with your savings are both real variables.
• C)is a nominal variable, but the change in the number goods you can buy with your savings is a real variable.
• D)is a real variable, but the change in the number of goods you buy with your savings is a nominal variable.

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Definitions:

UETA Applies

Refers to situations where the Uniform Electronic Transactions Act is relevant, enabling the legal recognition of electronic signatures and records in transactions.

Electronic Means

The use of digital technologies and electronic devices to carry out activities, including communication, transactions, and data storage.

Voluntarily Assented

The act of giving consent or agreement freely and without coercion.

E-contract

A contract that is created, signed, and maintained in electronic form, often over the internet.