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What makes a U.S. $100 bill valuable?
npdtan92
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What makes a U.S. $100 bill valuable?
What makes a U.S. $100 bill valuable?
▸ It is expensive to produce a $100 bill.
▸ A $100 bill can be exchanged on demand for a given amount of gold.
▸ A $100 bill is pretty to look at.
▸ People are likely to accept a $100 bill as payment.
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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You make an excellent tutor!
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Brilliant
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Thanks for your help!!
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