Mrs. Sameer has Gold worth 500 grams at her home. From 2 years due to the ongoing COVID 19, his husband lost his job and difficult situation arose at her home due to inflation that has occurred in the economy. She tried to sell her gold she had but people are not ready to buy due to their present poor financial conditions. Now, Mrs. Sameer is in a dilemma as one party is ready to buy her gold but asking at a very cheap rate. What does it mean in terms of holding monetary items? a. Mrs. Sameer’s spouse lost his only job and hence he gets no salary b. Her gold will fetch her more money during pandemic times was her belief c. None of these are correct. d. Prices of monetary items like gold do not change, and will lead to loss during times of inflation.
Mrs. Sameer has Gold worth 500 grams at her home. From 2 years due to the ongoing COVID 19, his husband lost his job and difficult situation arose at her home due to inflation that has occurred in the economy. She tried to sell her gold she had but people are not ready to buy due to their present poor financial conditions. Now, Mrs. Sameer is in a dilemma as one party is ready to buy her gold but asking at a very cheap rate. What does it mean in terms of holding monetary items? a. Mrs. Sameer’s spouse lost his only job and hence he gets no salary b. Her gold will fetch her more money during pandemic times was her belief c. None of these are correct. d. Prices of monetary items like gold do not change, and will lead to loss during times of inflation.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Q38
Mrs. Sameer has Gold worth 500 grams at her home. From 2 years due to the ongoing COVID 19, his husband lost his job and difficult situation arose at her home due to inflation that has occurred in the economy. She tried to sell her gold she had but people are not ready to buy due to their present poor financial conditions. Now, Mrs. Sameer is in a dilemma as one party is ready to buy her gold but asking at a very cheap rate. What does it mean in terms of holding monetary items?
a.
Mrs. Sameer’s spouse lost his only job and hence he gets no salary
b.
Her gold will fetch her more money during pandemic times was her belief
c.
None of these are correct.
d.
Prices of monetary items like gold do not change, and will lead to loss during times of inflation.
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