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Reptor Reptor
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6 years ago
In what sense do self-fulfilling expectations determine the acceptability of a medium of exchange?
A) People like to do what the government expects them to do.
B) People value something as money only if they believe others will accept it from them as payment.
C) People expect that money will never lose its value.
D) People expect that eventually every country will use the same medium of exchange.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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Wars-Like-ThisWars-Like-This
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6 years ago
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