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(a) Discuss the advantages and disadvantages of a monetary system (10 marks). (b) Briefly explain transaction demand for money (5 marks). QUESTION THREE By
(a) Discuss the advantages and disadvantages of a monetary system (10 marks). (b) Briefly explain transaction demand for money (5 marks). QUESTION THREE By the help of Fisher's Equation of exchange that is provided, critically explain the variables and the effect of the quality money on the price level: PT=Mvt M'V' (15 marks) QUESTION FOUR (a) Critically explain the reasons why Keynesian theory is regarded superior to the Fisher's equation of exchange (15 marks).
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a Advantages and Disadvantages of a Monetary System Advantages 1 Facilitates Trade A monetary system allows for the efficient exchange of goods and services by providing a commonly accepted medium of ...
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
