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4 Cards in this Set
- Front
- Back
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The high transaction costs associated with a barter system refers to:
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The high cost associated with finding someone with whom to exchange
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When the price of a bond is below the face value, the yield to maturity:
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Will be above the coupon rate.
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A lender is promised a $200 payment (including interest) two years from today. If the lender has an 8% opportunity cost of money, he/she should be willing to accept what amount today?
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$171.46
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M1 has decreased in its usefulness in understanding inflation due to:
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The introduction of money market mutual fund shares and similar checking substitutes.
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