Recall the Application About How Greek Citizens Began to Hold

question 59

Multiple Choice

Recall the Application about how Greek citizens began to hold large amounts of cash in 2015 to answer the following question(s) .
-According to this Application, which of the following is a reason for holding cash?

• A) for convenience
• B) to make a purchase when you cannot use a debit or credit card
• C) fear of financial catastrophe
• D) all of the above

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Definitions:

Business Partnership

A legal form of business operation between two or more individuals who share management and profits.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the central bank.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Bond Yield

The return an investor realizes on a bond, calculated as the annual interest payment divided by the bond's current market price.