Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

Money serves as a unit of account when: a) it is used to purchase goods and services b) it is a basic measure of economic

Money serves as a unit of account when:

a) it is used to purchase goods and services

b) it is a basic measure of economic value

c) it is a means of holding wealth.t

d) here is a double coincidence of wealth.

( need answers asap no explanation needed)

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

Recommended Textbook for

Economics

Authors: R. Glenn Hubbard

6th edition

978-0134797731, 134797736, 978-0134106243

More Books

Students also viewed these Economics questions

Question

★★★★★

What is a third-party payer? What are the most common entities that fall into the category of third-party payer?

Answered: 1 week ago

Question

★★★★★

Find the function f (x) and all values of c such that f* f(t) dt = x + x - 2.

Answered: 1 week ago

Question

★★★★★

What can you say about causality in the antecedentoutcome model? Would it be possible that distress or satisfaction experienced at work or family elicits the experiences of workfamily conflict or...

Answered: 1 week ago

Question

★★★★★

In a Rankine power system, 1.5 kg/s of steam leaves the turbine as saturated vapor at 0.51 bar. The steam is condensed to saturated liquid by passing it over the tubes of a shell-and-tube heat...

Answered: 1 week ago

Question

★★★★★

Cutting Edge Sensors Ltd. has taken $2.5M worth of investor stock to start a 3 year project that is estimated to earn $5M by the end of the project ( $2M at end of year 2 , and $3M at the end of year...

Answered: 1 week ago

Question

★★★★★

Question Mr. Woods, an electrician for Timberland city, has made some faulty connections on eight street lights. The errors cause a street light to go OFF if the street lights adjacent to that light...

Answered: 1 week ago

Question

★★★★★

please choose corect answer A machine was purchased at a cost of 3140,000 . The equipment had an estimated useful life of 5 years and a residual value of 115,000 , Assuming the equepment was sold ot...

Answered: 1 week ago

Question

★★★★★

The initial investment in the project is estimated to be $80,000 in year 0, $13,500 in year 1, $16550 in year 2, $12250 in year 3 of the project. The Whalers rest Moton in requires a discount rate of...

Answered: 1 week ago

Question

★★★★★

The notion of visual management and visual control is utilised as part of the lean management system to handle work in a methodical fashion, including decreasing the tracking time for accessing email...

Answered: 1 week ago

Question

★★★★★

When a company evolves beyond its need for an international division, it may be considered a global enterprise. At this stage in its development, it may have any of several organizational structures....

Answered: 1 week ago

Question

★★★★★

South Africa has experienced energy crisis in the past few years. This has led to the many rounds of excessive loadshedding and the Central University of Technology is concerned about the effects of...

Answered: 1 week ago

Question

★★★★★

While the media focused on the downward spiral of the physical retail sector, it seems Amazon was busy ramping up its roll-out of physical stores, a development that many observers have perceived as...

Answered: 1 week ago

Question

★★★★★

Because of the shortage of supply of timber and other building materials, Joshua the purchasing director found it difficult to source the materials at a reasonable price. He managed to find one...

Answered: 1 week ago

Question

★★★★★

3. Give an example of a problem or phenomenon in everyday life where information is presented in an emotional way.

Answered: 1 week ago

Question

★★★★★

6. How can a message directly influence the interpreter?

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statements: (a) The dangers of mountain driving in an old Lada 4 4, and safety concerns. (b) We perceive the world backwards. (c) Numbers are different from words, but they...

Answered: 1 week ago

Previous Question Next Question