Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started