Please answer ASAP this is a very short question Before the Civil War, _____, not the U.S. government, issued paper money that could be redeemed for _____. A)private banks; silver coins B)private banks; gold C)insurance companies; silver coins D)savings & loans; gold

Please answer ASAP this is a very short question Before the Civil War, _, not the U.S. government, issued paper money that could be redeemed for _. A)private banks; silver coins B)private banks; gold C)insurance companies; silver coins D)savings & loans; gold

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter13: Money And The Financial System

Section: Chapter Questions

Problem 1.5P

See similar textbooks

Related questions

Q: Specify the values of the parameters in the previous problem: a = 80 b = 2/3 C = 20 d = 13 Thus the…

Q: How can we reduce the number of low-income workers and increase the number of middle-and…

A: There are many factors like education, training, health services, etc. that can decrease the number…

Q: True or False: Heteroskedasticity biases our estimates

A: Heteroskedasticity occurs when the standard deviation of an explanatory variable is nonconstant. It…

Q: explain the importance of the terms of trade to a nation and how changes in the terms of trade are…

A: Terms of trade:- The TOT is considered as a gauge of a nation's economic health, although it has the…

Q: 1- How much can you afford to spend now on an Alarm Fire system if it will save you $21,300 per year…

A: The value that depicts the expected stream of income that is being determined on the date of…

Q: 12. Regulation of a Natural Monopoly For a decreasing-cost industry natural monopoly (LRAC…

A: Monopoly can be defined as the market structure that can be characterized by one seller who is…

Q: Consider the following game, where r is a positive integer: Player 2 L R Ur+1,5 5, 4 Player 1 D 3,4…

Q: Suppose all firms in a competitive industry are operating at output levels for which P equals LRAC.…

A: In a competitive market, numerous producers compete to supply the products and services that we, as…

Q: The "5 Why" technique is useful in identifying... Six Sigma projects that should be prioritized. O…

A: Statistics deals with the aspects of the data.

Q: What type of good is rival and nonexcludable? O private goods O club goods common resources Opublic…

A: Goods are said to be rival in nature if consumption by one person decreases the amount of goods…

Q: Question 36 Presently, union membership represents of the labor force. O less than 14% O between 45%…

A: Union membership refers to the participation of the workers in the labor union, who have some power…

Q: In 5 years, P 160,000 is needed for a building renovation. In order to generate this amount, a…

A: FV = 160,000 R = 15%

Q: As new firms enter a monopolistically competitive industry, the demand and marginal revenue curves…

A: Monopolistic competition is a type of market structure. It has features of both i.e. perfect…

Q: W. R 5 7 9 10 12 144 above shows cost curves of a firm in a competitive market. the graph to allow…

A: The supply curve in case of perfect competition is the part of MC(marginal cost) which is greater…

Q: "Alternative forms of Financial Inflow". Present the topic objectively

A: The "capital flows" of an investment, trade, or company transaction are the transfers of funds.…

Q: Do environmental issues require public intervention in the private marketplace? Distinguish among…

A: Environmental issues have to be addressed through public intervention even if it is taking place in…

Q: 2. During a recession, people may lose their jobs. Newly unemployed people must conserve their…

A: Recession is a time period in the economy when there is a continuous fall in the output.

Q: An organization completes the purchase of new asset at a cost of $25,000. It has an yearly operating…

A: To find the annual savings which would provided rate of return of 10% , we will find the present…

Q: With i = 10%, n = 4, find an equivalent uniform payment A' for 24000 18000 12000 6000 3.

A: Year 1 = 24000 Year 2 = 18000 Year 3 = 12000 Year 4 = 6000 r = 10% n = 4

Q: Construct a cash flow timeline with n=10 years. Include a Year 0 cost of P0, at least two future…

A: Cash flow is economic model of cash inflow and outflow on a time line. It represents inflow of cash…

Q: Figure 26.2 (Figure 26.2) At the profit-maximizing output and price, a monopolistically competitive…

A: The structure of the market that involves firms competing against one another and selling products…

Q: Write down the methods required by firms to enter international business.

A: Meaning of Economics: The term economics refers to the situation under which there remains…

Q: You are interested in the effect of income on health, where a linear regression will lead to…

A: Personal income is the total amount of money received by all citizens of a nation. Money gained via…

Q: 1. A company intends to replace equipment that is no longer able to meet its needs. The two best…

Q: Find the consumers' surplus at a price level of p = $130 for the price-demand equation below. p=…

Q: Billy is renting trucks that will be used to install solar panels. The table below presents the…

A: Marginal revenue product = (price* marginal product)

Q: When the economy is weak, fear of losing jobs cause consumers to cut back on spending. O True False

A: Yes , when the economy is weak, less consumers will tend to purchase the products of peoducers.and…

Q: Question 16 Marginal social cost equals marginal cost plus marginal cost. consumer; production O…

A: Marginal cost refers to the total cost that the society pays for the production of one more unit of…

Q: Assume a company is producing 600 units of output per day and minimizing total cost with the…

A: The short run refers to the period of time when the quantity of at least one of the input is fixed…

Q: the COVID-19 crisis continues to deepen, the significant health and economic consequences of this…

A: Ingenuity and technological innovation have led to economic "globalization."In economic terms, it…

Q: As new firms enter a monopolistically competitive industry, the demand and marginal revenue curves…

A: The structure of a market where firms compete against each other and tend to sell products that are…

Q: what is an example of existing demand

A: Existing demand for which a product is either unavailable or has not yet been developed. There are…

Q: With reference to one of the following announcements in the revised 2021-2022 budget, undertake a…

A: In the budget for 2021-2022, the government approved a number of policy adjustments, all of which…

Q: Determine the unique Nash equilibrium by eliminating dominated strategies

A: Player 2 E F G A 2,3 2,2 2,0 Player 1 B 3,2 5,3 4,3 C 4,3 1,1 3,3 D 1,2…

Q: The US was #1 in math and science education in the 1960s, but now ranks: O outside the top 10 in…

A: Ranking means position on scale.

Q: Support your answer with calculations please. Suppose an economy in which the public holds 10% of…

A: We know that the monetary base is the sum of currency C and reserve R MB=C+R .... (1)…

Q: QUESTION 12 What condition(s) are necessary for disequilibrium unemployment to exist? O a. Wages to…

A: 12. In the market, disequilibrium refers to the situation when there is a mismatch between market…

Q: What is the effect of an increase in the income tax rate on the equilibrium price of an inferior…

A: Point Income elasticity of demand measures the responsiveness of the quantity demanded a good or…

Q: (i) Explain the relationship between the current account balance given by exports (X) minus imports…

A: Since you have posted multiple questions, we will answer the first question for you. If you want any…

Q: The economy enters a recession driving down the demand for homes nationwide.

A: When the economy slumps, the central bank's monetary policy relaxes, resulting in lower interest…

Q: a borrower cannot become a saver if the rate of interest decreases, but might become a saver if the…

A: When interest rates fall, he will earn less on his savings, while if he remains a borrower, he will…

Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…

A: Since you have posted multiple questions as per the guidelines we can solve only one question per…

Q: What are the complaints of LDCS against free trade? How do you counter argue for them? Explain…

A: LDCS's complaints about free trade and counter-arguments.Argument for infant industries: Growing…

Q: information refers to a market where one side (either the buyer or the seller, but usually the…

A: One of the effective ways of approaching asymmetric information is by screening. Screening is the…

Q: The IMF monitors the international monetary system and global economic developments to identify…

A: The purpose of the organisation is to ensure worldwide monetary cooperation. It stables the currency…

Q: The United States has a comparative advantage in -skilled labor. This explains why the U.S. is a net…

Q: Because of issues of rivalry and excludability, greenhouse gas emissions can BEST be called a…

A: When talking about the rivalry an excludability of any good, it can be said that these two features…

Q: Is this a good variable definition? YES OR NO ? IF NO than explain why?

A: Answer 1) Yes this is a good variable definition Reason: Since Colton likes to know the time when…

Q: Among single non-college-educated women aged 30 – 40, average hours worked per week is 30 and the…

A: The elasticity of labor supply = Percent change in the amount of labor supplied / Percent change in…

Q: a. Using the information in Table 12.13 calculate the marginal costs and marginal benefits of…

A: Solution 43) Consider the above given that Total Cost(TC) Total benefit(TB) Marginal Cost(MC)…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Can you name some item that is a store of value, but does not serve the other functions of money?
1. Some government bonds can be redeemed for currency or a check at banks. Why, then, isn't it universally agreed that government bonds are money? 2. Why can't food be used as a form of money? 3. What is a key advantage of money over other financial assets such as stocks, bonds, precious metals, or real estate?
explain on how people uses the digital money nowadays.
1) What are the threes basic functions of money?Decribe how rapid inflation can undermine money's ability to perform each of the three functions?
Time Which of the following best illustrates the unit of account function of money? Select one: O a. all are correct O b. you pay for your theatre tickets O c. you hold currency even though you don't plan to spend it right away O d. you list prices for candy sold on your website
1.Which of the following is not helpful in making something a good money? Make it from something everyone values like gold. It is widely accepted for all other goods and services. Make it from something that wears out quickly. Make it hard to counterfeit.
i. What are the necessary conditions for something to be considered money? Does Bitcoin satisfy these conditions? ii. What are the advantages and disadvantages of El Salvador adopting Bitcoin as legal tender? iii. What share of Salvadorans have access to the internet? How might that affect the use of Bitcoin as a currency? iv. The U.S. already has several ways to make digital transactions, for example, credit/debit cards, Venmo, Zelle, PayPal, and so on. How would a digital currency increase efficiency? v. Many early cryptocurrency investors have adopted a strategy known as HODL—Hold On for Dear Life. They believe that over time the value of cryptocurrencies, such as Bitcoin, will only continue to rise. If this is a dominant strategy among most investors, how does this affect cryptocurrencies’ ability to function as a currency?
In defining money as M1 economists exclude time deposits on the grounds that _________. a. the intrinsic value of time deposits is nothing. b. the purchasing power of time deposits is much less stable than that of demand deposits and currency. c. they are not directly or immediately a medium of exchange. d. they are not recognized by the government as legal tender. e. They are quantitatively negligible as compared to checkable deposits.
Fiat money has Select one: a. value, because it can be redeemed for gold by the central bank. O b. little to no intrinsic value but is backed by the quantity of gold held by the central bank. C. a great intrinsic value that is independent of its use as money. O d. little to no intrinsic value and is authorized by the central bank or governmental body. Clear my choice Fini
1. Let's pretend that our current system of money was strictly Base Ten, so that the only currency that we used were pennies, dimes, one dollar bills, ten dollar bills, hundred dollar bills, thousand dollar bills and so on. Instead of drawing pictures of the money, these abbreviations for each kind of coin or bill will be used: penny (A), dime (B), one dollar bill (C), ten dollar bill (D), hundred dollar bill (E), thousand dollar bill (F), and so on. Since you are entering the teaching profession, you probably won't need to handle anything higher than a thousand dollar bill, but who knows what the future holds? Write down the exchange that could be made for each of the following:a. AAAAAAAAAA = b. CCCCCCCCCC = c. EEEEEEEEEE = d. AAAAAAAAAA = e. CCCCCCCCCC = f. DDDDDDDDDD = a. AAABBCDD + AABBBBBBBBCC = b. ACCCCCCCEE + AAAABBCCCCCCCC = c. AAAAAAAAAEEE + AAAAAAAAEEEEEEE = 2. Let's pretend that our current system of money was strictly Base Ten, so that the only currency that we…
Because passbook savings are interest rates. Seleccione una: a less: lower Ob. more: higher Oc more lower Od less, higher liquid for the depositor than checking accounts, they earn
Why are credit cards not included in the money supply even though they can be used easily for transactions? A. Because credit cards are not always 100% reliable. B. Because credit cards are not physical money. C. Because there are other more efficient methods of money supply. D. Because the credit card company is effectively making you a loan..