ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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You convene a committee, which has made the
following suggestions:
• Newly printed Libyan currency.
• Euros
• Old Libyan currency (the Dinar)
• Quarter troy oz. gold bars
• 100% silver Eisenhower dollars
Rank these 5 assets according to the functions of
money, i.e. which would be the best store of value, 2nd
best store of value, 3rd best, etc.
Rank these assets according to their ability to
function in an advanced payments system with checks
and credit cards. Make a final recommendation on the
choice of a new currency.
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