Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Money and its Functions Establish what function money serves in each of the following cases and give your explanations: (a) You buy a bottle

image text in transcribed
image text in transcribed
2. Money and its Functions Establish what function money serves in each of the following cases and give your explanations: (a) You buy a bottle of orange juice. (b) Your friend wants to buy a bicycle for 10,000 rubles. (c) A carpenter builds a bungalow for sale to buy a new car. (CD You have 200 rubles in your pocket. (e) A firm buys new equipment in order to expand output. (t) Your grandparents give you 3,000 rubles as a birthday gift. (g) A cocktail dress costs 10,000 rubles. (h) Your iend returns you money, borrowed a year ago. (i) A girl saves money, received from her parents, to buy Martens boots. (1') You change rubles for euros to save your money from ination. (k) A dealer buys bonds to sell them at a higher price in future and to receive a capital gain. (1) To you surprise the price for a hamburger increased by 30%. (m) A student, dreaming to travel abroad during summer vacations, deposits all his spare money on his bank account. (n) A worker withdraws money from his transaction deposit. (0) You postpone the purchase of a new model of a mobile telephone, because its price of 20,000 rubles is too high for you. Hint: Do not rewrite the tasks and put your answers in the following table. I The function of money The explanation (a)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-12

Authors: David D Busch, Tracie Nobles

11th Edition

1133710190, 978-1133710196

More Books

Students also viewed these Economics questions

Question

What do I have experience doing?

Answered: 1 week ago

Question

How easy the information is to remember

Answered: 1 week ago

Question

The personal characteristics of the sender

Answered: 1 week ago