Ask Question
BusinessBusiness
27 July, 13:01

Why is simply counting currency an inadequate measure of money?

+1
Answers (1)
  1. 27 July, 15:28
    0
    Money is anything that can be used to buy goods or services, it entails several things which includes, checks, deposits, e-cash and many other forms of payments that are more than just paper or coin money. Therefore, simply counting currency is an inadequate measure since it only considers a small portion of money.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why is simply counting currency an inadequate measure of money? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
As a result of the tax, the price received by producers, and. as a result of the tax, the price paid by consumers, and total consumer spending falls as long as demand is. true or false: consumer surplus rises if total consumer spending falls.
Answers (1)
Which one of the following changes will cause the demand curve for gasoline to shift to the left? A. The price of gasoline increases. B. The supply of gasoline decreases. C. The price of cars increases. D. The price of cars decreases.
Answers (1)
The injection modeling department of a company used 40 pounds of a powder a day. Inventory is reordered when the amount on hand is 240 pounds. Lead time averages five days. It is normally distributed and standard deviation of 2 days.
Answers (1)
On June 30, 2021, the Esquire Company sold some merchandise to a customer for $66,000. In payment, Esquire agreed to accept a 8% note requiring the payment of interest and principal on March 31, 2022. The 8% rate is appropriate in this situation.
Answers (1)
What is disable customer?
Answers (1)
New Questions in Business
A jeans maker is designing a new line of jeans called the Slims. The jeans will sell for $335 per pair and cost $261.30 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair.
Answers (2)
One characteristic many successful entrepreneurs share includes
Answers (1)
Which statement is true? A diverse workplace can cause people to become prejudiced. Cultural barriers can pose a challenge to creating a diverse workplace. Enforcing the use of English reduces challenges in creating a diverse workplace.
Answers (1)
The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively.
Answers (1)
How would small business owners apply this concepts to maximize his or her wealth?
Answers (1)
Home » Business » Why is simply counting currency an inadequate measure of money?
Sign Up Forgot Password?