Question
kindly explain in details 3. How do representative and credit monies compare to commodity monies? 4. Define barter and explain why it is economically inefficient?
kindly explain in details
3. How do representative and credit monies compare to commodity monies?
4. Define barter and explain why it is economically inefficient?
5. Explain how monetary policy, fiscal policy and international measures can be used to control trade cycles?
6. For decades, the Federal Reserve (Central bank of US) capped the interest rates that banks could pay on checking deposits at zero and the interest rates that they could pay on time or savings deposits at around 6 percent per year. What was the intended economic effect of those restrictions?
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