Tossup
In a graph of this good’s market, a vertical supply curve intersects a downward-sloping demand curve with nominal interest rate plotted on the y-axis. Proponents of a heterodox “Modern” theory named for this good include Stephanie Kelton. The producer of this good receives a profit called seigniorage (“SANE-yur-idge”). Types of this good with more inherent value are predicted to disappear by Gresham’s Law. Types of this good are traded in the forex market. Fiscal policy and policy named after this good make up a government’s economic policy. Types of this good that have no inherent value are called fiat. For 10 points, name this thing that can be exchanged for any good or service. ■END■
ANSWER: money [or currency; or cash; or other synonyms; accept coins or bills or banknotes; accept Modern Monetary Theory; accept monetary policy; prompt on MMT]
<CWRU B, Social Science>
= Average correct buzz position
Buzzes
| Player | Team | Opponent | Position | Value |
|---|---|---|---|---|
| Devito Stevanus | McGill B | Carleton A | 73 | -5 |
| Abhay Ariyapappillil | Ottawa B | McGill C | 75 | 10 |
| Valerie Brown | Carleton B | Ottawa A | 85 | 10 |
| Charlie Ruff | McGill A | McGill E | 98 | 10 |
| Nicolaus Derikx | Carleton A | McGill B | 113 | 10 |
Summary
| Tournament | Edition | TUH | Conv. % | Neg % | Average Buzz |
|---|---|---|---|---|---|
| UK (North) | UK | 5 | 100% | 0% | 79.20 |
| UK (South) | UK | 8 | 100% | 13% | 76.88 |
| Northern California | US | 4 | 100% | 25% | 65.75 |
| Eastern Canada (1) | US | 4 | 100% | 25% | 92.75 |
| Eastern Canada (2) | US | 9 | 89% | 33% | 79.38 |
| Florida | US | 4 | 100% | 25% | 83.25 |
| Great Lakes | US | 10 | 100% | 10% | 77.60 |
| Lower Mid-Atlantic | US | 9 | 100% | 11% | 66.78 |
| Upper Mid-Atlantic | US | 9 | 100% | 11% | 74.00 |
| Midwest | US | 10 | 100% | 30% | 77.20 |
| North | US | 4 | 100% | 0% | 69.25 |
| Northeast | US | 11 | 100% | 27% | 68.18 |
| Southeast | US | 12 | 100% | 17% | 66.25 |
| Upstate NY | US | 5 | 100% | 0% | 83.60 |