You mow your neighbor's yard and he pays you $25. Which function of money does this BEST represent?
Medium of exchange. The function of money, medium of exchange, is the exchange of money for a good or service. They are facilitating the transaction by paying the neighbor for the lawn cutting service.
Answer:
The correct answer is letter "C": Interest rates tend rise during economic expansion and decline during recessions.
Explanation:
The expansion is the period of the economy that represents grow. Because of the prosperity atmosphere, people and businessmen request loans frequently pushing central banks and governmental entities to raise the interest rates to slow down the economy to prevent a recession. The recession itself is the period where the economy is contracted or reduced. In this case, the central banks and governmental entities decrease the interest rates to stimuli economy through loans and purchases.
The answer to your question is loans
A and C
Life insurance and auto insurance increases with age.
