If Gold Becomes Acceptable as a Medium of Exchange,the Demand

question 142

Multiple Choice

If gold becomes acceptable as a medium of exchange,the demand for gold will ________ and the demand for bonds will ________,everything else held constant.

• A)decrease;decrease
• B)decrease;increase
• C)increase;increase
• D)increase;decrease

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Definitions:

Business Behavior

The actions and decisions by a business in relation to its market environment, including ethics, strategy, and interaction with stakeholders.

Socioeconomic

Relating to or concerned with the interaction between social and economic factors.

Trespass to Land

An unlawful intrusion or occupation of someone's property without permission, which can result in civil legal action.

Trespass to Personal Property

The unlawful taking or harming of another’s personal property; interference with another’s right to the exclusive possession of his or her personal property.