Macroeconomics (9th Global Edition)
9th Edition
ISBN: 9780134141534
Author: Andrew B. Abel, Ben Bernanke
Publisher: Pearson Global Edition
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Question
Chapter 7, Problem 4RQ
To determine
Characteristics of assets
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What is Money? What makes it useful? Explain its primary and derivative functions of Money? explain elaborately?
Answer this question in no more than 5 sentences.
Why is it necessary for money to possess the necessary attributes that qualify it as βgood moneyβ?
Question 8
True or False. A living will is a document that is ambulatory until the death of the decedent and then it describes how the decedent's property should be distributed.
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Β
True
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False
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Question 9
Donald puts a lot of money into a bucket and gives Bernie a power of appointment over the money in the bucket. Bernie has the power to distribute that money only to himself, his creditors, his estate, or his estate's creditors. What is the correct name for his power of appointment? It is a/an:
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Β
General power of appointment
Β
Β
Limited power of appointment
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Question 10
True or False. The spousal consent rules for the annual exclusion require the non-donor spouse to consent to all gifts made by the donor spouse in that year; he or she cannot select which gifts he or she will join and which he or she will not.
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Β
True
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False
Chapter 7 Solutions
Macroeconomics (9th Global Edition)
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- Give typing answer with explanation and conclusionΒ Β Identify and briefly explain the four specific functions of money that economists have identified?arrow_forwardMost stores now have the technology to immediately deduct the value of your purchases from your checking account (or charge your credit card with equal speed). How might this affect the money market and the interest rate? Follow-up question: How would your answer to the previous question affect interest rates and income?arrow_forwardEconomists use the termΒ βmoneyβ to refer to Select one: a. all wealth. b. all financial assets, but not real assets. c. all assets, including real assets and financial assets. d. those types of wealth that are regularly accepted by sellers in exchange for goods and services.arrow_forward
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