Why is universal acceptability such an important characteristic of money? What other characteristics can you think of
Question:
Why is universal acceptability such an important characteristic of money? What other characteristics can you think of that might be important to market participants?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Without universal acceptability the medium of exchange function would not be f...View the full answer
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Economics A Contemporary Introduction
ISBN: 9781305505469
11th Edition
Authors: William A. McEachern
Question Posted:
Students also viewed these Business questions
-
Name and briefly explain six key ethical issues. 1. Anonymity 2. Confidentiality 3. Informed Consent 4. Integrity of the researcher 5. Power 6. The right to privacy of potential participants
-
Why is universal acceptability such an important characteristic of money?
-
Mercedes-Benz All Activity Vehicle (AAV)* Introduction During the recession beginning in the early 1990s, Mercedes-Benz (MB) struggled with product development, cost efficiency, material purchasing,...
-
In Australia, the banking sector is dominated by four main institutions, the ANZ Banking Group, Commonwealth Bank, National Australia Bank, and Westpac. To maintain a competitive banking market, the...
-
1. What stage of the product life cycle are these products currently in? 2. Discuss the factors HP Hewlett-Packard and other tech companies should consider when conducting the business analysis for a...
-
The inverse demand for fresh flowers in Point Barrow, Alaska, is given by P = 10 - .01Qd. a. Use the demand function above to derive the associated marginal revenue function. (In other words, express...
-
The following stacked time traces from four separate motors identify one as experiencing impacts in the ball bearing. What is the separation in the impacts in this time waveform? Acceleration in G-s...
-
The College Board reported the following mean scores for the three parts of the SAT (The World Almanac, 2009): Critical Reading ........502 Mathematics ..........515 Writing ............494 Assume...
-
Find the pressure exerted by a force of 72 Newtons on an area of 6 m 3 . Give your answer in N/m
-
Why do you think rice was chosen to serve as money in medieval Japan? What would happen to the price level if there was a particularly good rice harvest one year?
-
If an economy had only two goods (both nondurable ), there would be no need for money because exchange would always be between those two goods. What important function of money does this statement...
-
Given F(s) = L(f), find f(t). a, b, L, n are constants. Show the details of your work.
-
How do historical legacies of colonialism, imperialism, and enslavement continue to shape contemporary power dynamics and global inequalities, and what reparative measures are necessary to address...
-
Given that h(x)=x+6 and g(x)=x-5, find (g+h)(5), if it exists.
-
There was an SRE in the market for soybeans where a typical firm earned a positive economic profit. Based on the concepts in the class, describe what you expect to happen in this market as moves to...
-
A hedge fund wants to borrow $2,500,000 using a 3 month repurchase agreement. The repo dealer is quoting a buyback price of $2,533,414.86 and a haircut of 2.49%. What is the market value of the...
-
What are some of the key beliefs of aboriginal and Torres Strait islander people ?
-
Why would a change in asset or money holdings shift the consumption curve?
-
What are the key elements of a system investigation report?
-
Provide examples of markets that help people stick with decisions that involve short-term costs for long-term benefits.
-
Under what conditions would monopoly be a more efficient outcome for a market than would competition?
-
What does it mean to say that a common-pool resource is overused? Overused compared to what?
-
9. Which one of the following is the best Lewis structure of C(NR2)2? Nonbonding pairs are not present unless they are shown. RN-C: RN-C: A) || B) NR2 :NR2 + RN-C RN-C: C) D) || NR2 NR2
-
Consider the following reaction where K = 6.30 at 723 K: 2 NH3 (g) N2 (g) + 3H2(g) A reaction mixture was found to contain 5.56104 moles of NH3 (g), 4.2110-2 moles of N2 (g), and 3.89102 moles of H2...
-
Please explain the source of finance, Franchising is a method of expanding business on less capital than would otherwise be needed. For suitable businesses, it is an alternative to raising extra...
Study smarter with the SolutionInn App