Why do virtually all societies create something to function as money?
Question:
Why do virtually all societies create something to function as money?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
Having some good function as money lowers transaction ...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why do most successful industrial societies offer patents and copyright protection, even though these protections enable sellers to charge higher prices?
-
Why are virtually all large business firms corporations?
-
Why should environmentally sustainable societies protect their soil resources? How might they do so?
-
1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended December 31, 2024. 2. Prepare an income statement for Denim Bones for the year ended December 31, 2024. 3. How...
-
Occasionally an investigator may wish to compute a confidence interval for a, the y intercept of the true regression line, or test hypotheses about a. The estimated y intercept is simply the height...
-
Enter the following column headings across the top of a sheet of paper: Enter the transaction or adjustment letter in the first column and show the effect, if any, of each transaction or adjustment...
-
Draw an \(x y z\) coordinate system with the \(x\) axis pointing horizontally to the right, the \(y\) axis pointing up the page, and the \(z\) axis pointing out of the page. Show a current-carrying...
-
Based on available information, lead time demand for PC jump drives averages 50 units (normally distributed), with a standard deviation of 5 drives. Management wants a 97% service level. (a) What...
-
what happens when ou use an aggregation function in a calculated column?
-
Why does the fact that the Fed finances its operations out of interest earned on its portfolio, with the excess returned to the U.S. Treasury, make it more independent of congressional pressure?
-
What are M1 and M2?
-
Making use of the result obtained in the question 3 , determine the gravitational potential \(\mathcal{V}_{G}\) in the case of a homogeneous solid sphere of radius \(R\) as a function of \(r \leq...
-
Price reduction for new credit policy from 1/10 net 30 to 6/10 net 45, how to calculation genertated revenue?
-
Graber sells blinds for $5,000. The selling price includes 10-year warranty covering all maintenance and repairs. Graber estimates that the warranty will cost $500 and the typical markup over the...
-
A wooden beam is fabricated from boards as shown, which are fastened together with screws and glue, as shown in the figure below. The screws are uniformly spaced along the span of the beam at...
-
Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the San Jacinto County Courtiouse Capital Projects. Fund for the year ended June 30, 20X9, given the following...
-
Savings and income Your microeconomics professor gives you a dataset of 90 households that describes the savings behavior and economic characteristics (income, famsize) of a sample of families in...
-
Suppose the input f(t) to the following model is a ramp function: f(t) = at. Assuming that the model is stable, for what values of a, m, c, and k will the steady-state response be parallel to the...
-
The bookkeeper for Riley, Inc., made the following errors: a. A cash purchase of supplies of $357 was recorded as a debit to Supplies for $375 and a credit to Cash of $375. b. A cash sale of $3,154...
-
Use the production possibilities frontier (PPF) to demonstrate economic growth. With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this...
-
How would you explain the finding that people in high-income economies seem happier than people in low-income economies, but, over generations, Americans do not seem to become happier even though the...
-
What factors might contribute to a low level of labor productivity in an economy? Regardless of the level of labor productivity, what impact does growth in labor productivity have on the economys...
-
A 1 2 . 0 m lenghh of copper wore has a resistance of 1 . 5 0 ohms. How long must an aluminium wire with the same cross sectional area be to have the same resistance? ( resistivities of copper and...
-
An 12-floor apartment building has 15 electrical circuits per apartment. There are 8 apartments per floor. How many electrical circuits are there in the building
-
(10%) Problem 6: Consider the following circuit of three resistors (R1, R2, and R3), with batteries that have emfs & = 18 V and 2 = 49 V, and internal resistances r and r2. Randomized Variables = 18...
Study smarter with the SolutionInn App