Currency is different from money in that currency______  A)is a note representing the worth of actual money B) is universally the same everywhere cannot be  C)duplicated or counterfeit D) is not a means of payment

Q: You can walk into any department store and compare prices on jeans. Which of the following functions…

A: Money as a unit of account, or measure of value refers to that function of money that helps us to…

Q: Gold and silver have been historically used as materials for making commodity money (coins) by many…

A: The functions of money can be sub-divided into primary functions and secondary functions. The…

Q: The use of money as a medium of exchange represents the most important service that money renders.…

A: The use of money as medium of exchange is an important function because it eliminates the problem of…

Q: A main difference between using cigarettes and using dollars as money is that    have intrinsic…

A: Intrinsic value : The inherent value of an object or commodity that is not based on its monetary or…

Q: money is a concept has a certain value at a point in time.

A: Money is the concept that money you have in present is worth more than the identical sum in the…

Q: What are some currencies of great value in a workplace that is in high demand? List at least 3 and…

A: Commonly, the value of different currencies around the global financial market keeps on changing…

Q: Could corn be used as commodity money?

A: Commodity Money: The commodity money refers to the commodities that were used as the medium of…

Q: one method to spend more money is to deduct an amount automatically from your salary in a direct…

A: The direct deposit system refers to the system that allows banks to transfer a specific amount…

Q: ifferentiate the barter vs. coinage vs. paper/polyme

A: Money: Money is an object or verifiable record that is commonly used in a particular country or…

Q: Ali purchases a candy bar with his allowance. This represents using money as A medium of exchange. A…

A: Money can be used for exchanging goods and services. A buyer buys goods and pays money in exchange…

Q: An advantage that money has over other assets is that it: Answer a. Provides a higher return to the…

A: Money can be termed as a medium of exchange used for the transactional purposes of goods &…

Q: Buying a cup of coffee with a dollar bill represents the use of money as a

A: (Q) Buying a cup of coffee with a dollar bill represents the use of money as a (Q) Buying a cup of…

Q: Which of the following is considered least liquid? O a) currency bills O b) Checking account O c)…

A: In economics, liquidity is defined as the ability of an asset to be turned into cash. An asset is…

Q: Money is commonly defined as A generally accepted medium of exchange. A U.S. dollar. Paper currency…

A: Money: - money is an object that measures the value of goods and services in an economy and also…

Q: Debit cards are considered as __________ money

A: According to time, place and different circumstances money has evolved itself through many different…

Q: That money can be used to repay loans relates to money's function as a A) Standard of deferred…

A: The money is anything which is widely accepted as a medium of exchange for goods and services in the…

Q: Which of the criteria for being used as money in a modern society does each of the following not…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Which of the following is not one of the three functions of money? Medium of Exchange Credit for…

A: Money has three important functions.

Q: Vault cash is included in which of the following measures of the money supply of the United States?…

A: Money supply  refers to the amount of total money that is in circulation in the economy at a…

Q: If a customer came into the bank to withdraw more from their demand deposits than the bank currently…

A: A bank is a financial institution being licensed in order to receive deposits and also make…

Q: A $25,000 price tag on a new car is an example of money as: Store of value Medium of exchange Unit…

A: Primary function of money: Money has three primary functions, i.e., Medium of exchange, Unit of…

Q: Answer in no more than 5 sentences. In your opinion, which is more convenient for you to use:…

A: Cash: Cash is a bill that is used to acquire any good or service. Cash can be in the form of coins…

Q: Distinguish between commodity money and fiat money

A: "Money act as a medium of exchange, store of value, a unit of account and a standard of deferred…

Q: In a less-developed economy, cattle is widely accepted as payment for goods and services. Nearly all…

A: The money is a medium of exchange which is used as a payment for the purchase of various goods and…

Q: barter system

A: In a barter system, items and services are exchanged immediately for different goods and offerings,…

Q: A decrease in the demand for bitcoin has the immediate effect of and the subsequent effect of…

A: A decrease in the demand for Bitcoin has the immediate effect of decreasing the purchasing power of…

Q: The money stock does not include demand deposits bank notes and coins O gold held by households…

A: Money stock is the monetary base. Money is used to buy goods and services.

Q: One limitation of using money as a store of value is that: a) money needs to be divisible and…

A: Money is considered to be a generally accepted payment for goods and services as well as in the…