Virtual currencies are threats to a nation's economy if they endanger the country's:
a. Price and financial stability.
b. Payment system.
c. End users.
d. All of the above
Question 2 - France uses civil law
a. True
b. False
Question 3 - Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and real GDP in the context of the Three-Sector-Model?
a. The real risk-free interest rate falls, and real GDP rises.
b. The real risk-free interest rate and real GDP remain the same.
c. The real risk-free interest rate rises, and real GDP falls.
d. The real risk-free interest rate falls, and real GDP remains the same.
e. The real risk-free interest rate falls, and real GDP falls.
Question 4 - Which of the following statements is true?
a. All virtual currencies are electronic, and all electronic currencies are virtual.
b. Virtual money is, by definition, legal tender.
c. It is possible for virtual money to be (at the same time) a unit of account, store of value, and medium of exchange.
d. Virtual currencies are highly regulated.
Question 5 - The Justinian code:
a. Summarized the laws of Greece
b. Was the first example of common law
c. Codified the laws of the Roman Empire
d. Were written by Justinian himself
e. Both c and c are correct
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