When economists say that money serves as a medium of exchange, they mean that it's A. A way to keep wealth in a readily spendable form for future use. B. Declared as legal tender by the government. C. A monetary unit for measuring and comparing the relative values of goods.
D. A means of payment.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When economists say that money serves as a medium of exchange, they mean that it's A. A way to keep wealth in a readily spendable form for ...” 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
Eduardo's Dance Studio provided $290 of dance instruction and rented out its dance studio to the same client for another $170. The client paid immediately. Identify the general journal entry below that Eduardo's will make to record the transaction.
Answers (1)
If a bank receives a new deposit of $10,000, and the required reserve ratio is 25 percent, then the new money that can be created by the banking system, including the initial deposit, is: a. $4,000. b. $10,000. c. $40,000. d. $2,500. e. $25,000.
Answers (1)
If the federal government has a budget deficit it can finance its spending by A. selling corporate bonds. B. selling municipal bonds. C. selling Treasury bonds. D. All the above.
Answers (1)
How does a consumer know whether a purchase may be a good deal?
Answers (1)
Define organisational structure
Answers (1)
New Questions in Business
What is visual merchandising? A. Decisions about what to include in the mix of products offered for sale b. The use of product displays, labels, and signs to give shoppers information about products C.
Answers (1)
Using historical risk premiums over the 1926-2016 period as your guide, what would be your estimate of the expected annual HPR on the Big/Value portfolio if the current risk-free interest rate is 3%.
Answers (1)
What should the driver do if he sees a steady yellow x over the lane that he driving in
Answers (1)
You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable").
Answers (1)
Assume both portfolios A and B are well diversified, that E (rA) = 13.4% and E (rB) = 15.0%. If the economy has only one factor, and βA = 1 while βB = 1.2, what must be the risk-free rate? (Do not round intermediate calculations.
Answers (2)