Money fails to act as a store of value when: a. It is no longer backed by

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Money fails to act as a store of value when:
a. It is no longer backed by gold.
b. The inflation rate is very high.
c. The goods produced in an economy are indivisible.
d. The economy goes into a recession.
e. Coins are replaced by paper money.

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Dec 29, 2017 12:24 AM

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Money fails to act as a store of value when: a. It is no longer backed by

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Economics of Money, Banking and Financial Markets

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