Even When People Know the Purchasing Power of the Currency

question 446

Multiple Choice

Even when people know the purchasing power of the currency is declining, they continue to use the currency because

• A) they have no other choice.
• B) the return of holding currency is always higher than the returns of all other assets.
• C) its value is still predictable.
• D) it still has some intrinsic value.

---

Definitions:

Ethical Argument

A discussion that involves reasoning about what actions or practices are morally right or wrong.

Consumer Advocates

Individuals or organizations that actively work to protect the rights and interests of consumers.

Manufacturers

Businesses or individuals that produce finished goods from raw materials through the use of labor, tools, and processing.

Generalized Product Life Cycle

A conceptual framework describing the stages a product goes through, from introduction to decline in the market.