Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Question
Chapter 14, Problem 2AA
To determine
To choose: The term that best completes the given sentence.
Expert Solution & Answer
Explanation of Solution
The correct answer is transport.
Money offers the transaction cost problem, namely the double casualty of wanting. Money originates from a kind of commodity to a means of trade between market participants. Money should be divided into small quantities, such that people appreciate its original usage value highly enough to be able to carry or transfer in an sufficient amount quickly.
Economics Concept Introduction
Introduction: Money makes it easier to trade. The medium of is exchange known as currency. Also, its general interest has been decided by producers and consumers. If too much money is pumped into the economy during hyperinflation, it will lose value.
Chapter 14 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 14.1 - Prob. 1RCh. 14.1 - Prob. 2RCh. 14.1 - Prob. 3RCh. 14.1 - Prob. 4RCh. 14.1 - Prob. 5RCh. 14.2 - Prob. 1RCh. 14.2 - Prob. 2RCh. 14.2 - Prob. 3RCh. 14.2 - Prob. 4RCh. 14.3 - Prob. 1R
Ch. 14.3 - Prob. 2RCh. 14.3 - Prob. 3RCh. 14.3 - Prob. 4RCh. 14.3 - Prob. 5RCh. 14 - Prob. 1AACh. 14 - Prob. 2AACh. 14 - Prob. 3AACh. 14 - Prob. 4AACh. 14 - Prob. 5AACh. 14 - Prob. 6AACh. 14 - Prob. 7AACh. 14 - Prob. 8AACh. 14 - Prob. 9AACh. 14 - Prob. 10AACh. 14 - Prob. 11AACh. 14 - Prob. 12AACh. 14 - Prob. 13AACh. 14 - Prob. 14AACh. 14 - Prob. 15AACh. 14 - Prob. 16AACh. 14 - Prob. 17AACh. 14 - Prob. 18AACh. 14 - Prob. 20AACh. 14 - Prob. 21AACh. 14 - Prob. 22AACh. 14 - Prob. 23AA
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