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- Answer all other wise i dounvote..i know barteby policyMoney is any asset that is generally accepted as payment for goods, services, wages, and other payments to inputs. This function of money is called O unit of account. O store of value O standard of deferred payment. O medium of exchange.When money serves as a unit of account, this means that money acts as... Select the correct answer below: a way to preserve its value for later use. O an intermediary between the buyer and the seller an acceptable method of payment an accounting method that simplifies thinking about trade-offs
- Interest rate 2% 4 6 8 10 Transaction demand for money $220 220 220 220 220 Asset demand for money $300 280 260 240 220 Money supply $460 460 460 460 460 1. The total demand for money curve in the above market for money would graph as a: A) vertical line. B) horizontal line. C) line sloping upward to the right. D) line sloping downward to the right.Interest rate 2% 4 6 8 C) 6 percent. D) 8 percent. 10 Transaction demand for money $220 220 220 220 220 Asset demand for money $300 280 260 240 220 1. Refer to the above table. The equilibrium interest rate is: B) 4 percent. Money supply $460 460 460 460 460 A) 2 percent.Which of the following statements is true? O The necessary condition required for money to function as a medium of exchange is that it also needs to be a store of value. O The hours of labor that go into producing a product are a better unit of account than paper money. OOne of the limitations of using money is that it does not allow for the transfer of purchasing power into the future. OWhen money is used as a yardstick to describe the price of various goods and services, it serves as a store of value.
- does not support all öf 2 4 7. Describe three ways that human specialization contributes to society's output. doing, time, and differences 8. What advantage does a money economy have over a barter economy? 9. A firm has the choice between producing product A, B, or C. In producing the products the firm faces a weekly cost of $10 for product A, $130 for product B and $200 for product C. The prices received for each product at different quantities are listed in the table below. Product Product Product Profit Profit Profit Output A C A C $3.00 $15.00 $35.00 15 1.25 9.00 10.00 (а) (b) profit? Compute the firm's profit for A, B, and C and enter this data into the table. Which product will the firm choose to produce and how much output will maximize 10.Assume that a firm can produce product A, product B, or product C with the resources it currently Assume for the purposes of this emplovs These resources cost the firm a total of $100 per week 194% D 回 Type here to search PoUp PrtScn F8 Home…Explain why you would be more or less willing to buygold under the following circumstances:a. Gold again becomes acceptable as a medium ofexchange.b. Prices in the gold market become more volatile.c. You expect inflation to rise, and gold prices tend tomove with the aggregate price level.d. You expect interest rates to rise.3. What are the inherent disadvantages of a barter system?
- The functions of money are O credit cards, checking accounts, currency, and coins. medium of exchange, the ability to buy goods and services, and the ability to pay off debts. store of value, use as a barter mechanism, and unit of account. O medium of exchange, unit of account, and store of value. medium of exchange, the ability to buy goods and services, and checking accounts. DELL prt sc F10 DII F8 F9 F5 F6 F7 F3 F4 23 $ 6. 8. R Y D H. * 00The higher and more unpredictable the changes in the monetary unit, the A. lower the opportunity cost of using it as a medium of exchange. B. lower the opportunity cost of using it as a store of value. C. higher the opportunity cost of using it as a store of value. D. less likely barter exchange will replace it. E. lower the opportunity cost of using it as a standard of deferred payment. O A OB с OD OEMoney overcomes the problem of a double coincidence of wants inherent in the barter system through its function as a O A. medium of exchange B. unit of account standard of deferred payment O D. store of value