E E. Only B and C are true. During periods of rapidly rising prices A. money fails to serve as a unit of account. B B. money fails to serve as a good store of value. C. money fails to serve as a repayment of debt. D. money fails to serve as a means of payment.
E. money fails to serve as a legal tender.
The borrower repays the entire principal plus interest at the maturity date. B. Installment loans and mortgages are frequently of the fixed payment type. Under the terms of a discount bond, the borrower agrees to pay to the lender A. a periodic fixed payment until a specified maturity date, where the fixed payment includes both principal and interest. B. the face value of the bond plus principal, both at the maturity date. C. a periodic fixed coupon payment until a specified maturity date, plus the face value of the bond at the maturity date.