Explain money

Question

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Answer 1

Question

Chapter 10, Problem 1RQ

To determine

Explain money

Expert Solution & Answer

Explanation of Solution

Money is the most liquid asset in the economy in which people regularly use to buy goods and services from other people. Even if the return from money is less than other financial assets, people still demand and hold money due to its higher liquidity. This means goods and service can easily transfer the used money. Otherwise, people have the choice to use barter or else, people have to suffer the cost of selling other assets to obtain money. Hence, anything that is generally accepted in payment for goods and services or in the repayment of debts is called money.

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Not use ai please

Answer 2

Question

Chapter 10, Problem 1RQ

To determine

Explain money

Expert Solution & Answer

Explanation of Solution

Money is the most liquid asset in the economy in which people regularly use to buy goods and services from other people. Even if the return from money is less than other financial assets, people still demand and hold money due to its higher liquidity. This means goods and service can easily transfer the used money. Otherwise, people have the choice to use barter or else, people have to suffer the cost of selling other assets to obtain money. Hence, anything that is generally accepted in payment for goods and services or in the repayment of debts is called money.

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Answer 3

Question

Chapter 10, Problem 1RQ

To determine

Explain money

Expert Solution & Answer

Explanation of Solution

Money is the most liquid asset in the economy in which people regularly use to buy goods and services from other people. Even if the return from money is less than other financial assets, people still demand and hold money due to its higher liquidity. This means goods and service can easily transfer the used money. Otherwise, people have the choice to use barter or else, people have to suffer the cost of selling other assets to obtain money. Hence, anything that is generally accepted in payment for goods and services or in the repayment of debts is called money.

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Answer 4

Question

Chapter 10, Problem 1RQ

To determine

Explain money

Expert Solution & Answer

Explanation of Solution

Money is the most liquid asset in the economy in which people regularly use to buy goods and services from other people. Even if the return from money is less than other financial assets, people still demand and hold money due to its higher liquidity. This means goods and service can easily transfer the used money. Otherwise, people have the choice to use barter or else, people have to suffer the cost of selling other assets to obtain money. Hence, anything that is generally accepted in payment for goods and services or in the repayment of debts is called money.

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Answer 5

Chapter 10, Problem 1RQ

To determine

Explain money

Expert Solution & Answer

Explanation of Solution

Money is the most liquid asset in the economy in which people regularly use to buy goods and services from other people. Even if the return from money is less than other financial assets, people still demand and hold money due to its higher liquidity. This means goods and service can easily transfer the used money. Otherwise, people have the choice to use barter or else, people have to suffer the cost of selling other assets to obtain money. Hence, anything that is generally accepted in payment for goods and services or in the repayment of debts is called money.

Answer 6

Chapter 10, Problem 1RQ

To determine

Explain money

Expert Solution & Answer

Explanation of Solution

Money is the most liquid asset in the economy in which people regularly use to buy goods and services from other people. Even if the return from money is less than other financial assets, people still demand and hold money due to its higher liquidity. This means goods and service can easily transfer the used money. Otherwise, people have the choice to use barter or else, people have to suffer the cost of selling other assets to obtain money. Hence, anything that is generally accepted in payment for goods and services or in the repayment of debts is called money.

Answer 7

Chapter 10, Problem 1RQ

To determine

Explain money

Answer 8

Expert Solution & Answer

Explanation of Solution

Money is the most liquid asset in the economy in which people regularly use to buy goods and services from other people. Even if the return from money is less than other financial assets, people still demand and hold money due to its higher liquidity. This means goods and service can easily transfer the used money. Otherwise, people have the choice to use barter or else, people have to suffer the cost of selling other assets to obtain money. Hence, anything that is generally accepted in payment for goods and services or in the repayment of debts is called money.