Describe the characteristics an asset must possess in order to serve as a medium of exchange. Which
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
The characteristics are general acceptabilit...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
4.70+
32+ Reviews
83+ Question Solved
Related Book For
Principles of Money Banking and Financial Markets
ISBN: 978-0321339195
12th edition
Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell
Question Posted:
Students also viewed these Banking questions
-
Explain why you would be more or less willing to buy gold under the following circumstances: a. Gold again becomes acceptable as a medium of exchange. b. Prices in the gold market become more...
-
Credit cards and travelers' checks are widely accepted as a medium of exchange. Should they be considered part of the money supply?
-
Describe how a highly risky individual asset can reduce portfolio risk.
-
A section of a warehouse is 31 feet high. Boxes that are each two feet high are to be stacked in the warehouse. How many boxes can be stacked one on top of the other? O a. 29 O b. 33 O c. 62 O d. 15.5
-
Show that Mx consists of the tangent vectors at t of curves in M with c (t) = x.
-
Today is day 4 of the planning cycle. Sequence the following jobs by FCFS, SPT, SLACK, and DDATE. Calculate the mean flow time and mean tardiness for each sequencing rule. Which rule would...
-
At a large fish hatchery the fish are reared in open, water-filled tanks. Each tank is approximately square in shape with curved corners, and the walls are smooth. To create motion in the tanks,...
-
In the current year, Paul Chaing (4522 Fargo Street, Geneva, IL 60134) acquires a qualifying historic structure for $350,000 (excluding the cost of the land) and plans to substantially rehabilitate...
-
1. A hockey puck is sitting on an infinitely long ice rink. A hockey player gives the puck a strong whack with his hockey stick and the puck begins moving. Assuming the ice has no friction, what is...
-
Consumer Reports magazine rated different types of refrigerators, including those with bottom freezers, those with top freezers, and those with side freezers. One of the variables they measured was...
-
Discuss the conditions required to allow an EU nation to replace its currency with the Euro?
-
Is it possible for a nonmonetary economy to save and invest? How does money improve how resources are allocated over time?
-
The dollar amounts claimed by businessmen for their lunches are to be grouped into the following classes: 0-5, 5-10, 10-15, 15-20, 20 or more. The left endpoint is included. Is it possible to...
-
The Closet Shop had the following operational results: Net Sales $125,000 Billed cost of new purchases 64,000 Inward freight 1,000 Alteration costs 2,000 Cash discounts 7,000 What is the maintained...
-
A company uses 15,000 units of stock item 'A' each year. The item has a purchase cost of Rs.4 per unit. The cost of placing an order for re-supply is Rs.220. The annual holding cost of one unit of...
-
Giggle Inc. pays no dividends now. An analyst expects that Giggle will pay the following dividends per share beginning in 2022: Year 2022 2023 2024 2025 Dividends $10 $15 $25 $35 After 2025 dividends...
-
The organization that Mike works in finds that one of their domains is directing traffic to a competitors website. When Mike checks, the domain information has been changed, including the contact...
-
b) The first analyte had a retention time of 7.0 min and a width at the base of 0.30 ml. Further experiments revealed that a non-retained compound had a retention time of 1.9 min. The volumetric flow...
-
Use Cramers rule to solve each system of equations. If D = 0, then use another method to determine the solution set. 2x - y + 3z = 1 -2x + y - 3z = 2 5x - y + z = 2
-
SBS Company have received a contract to supply its product to a Health Care Service Hospital. The sales involve supplying 1,250 units every quarter, the sales price is RM 85 per unit. The Client...
-
How can the adverse selection problem explain why you are more likely to make a loan to a family member than to a stranger?
-
Why do loan sharks worry less about moral hazard in connections with their borrowers than some other lenders do?
-
If you are an employer, what kinds of moral hazard problems might you worry about with your employees?
-
Dollar-Value LIFO On January 1, 2018, Sato Company adopted the dollar-value LIFO method of inventory costing. Sato's ending inventory records appear as follows: Year Current Cost Index 2018 $31,600...
-
How many standards are included in the ELP accreditation standards? What stands out to you about the different areas? What are the topic areas under administration and leadership? What are the...
-
What is performance management systems? Do the companies where you (or others you know) have worked used performance management systems rather than performance appraisal systems? If yes, what kind of...
Study smarter with the SolutionInn App