Why are checks, debit cards, and credit cards not money?
Question:
Why are checks, debit cards, and credit cards not money?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Money in its most basic definition is a medium of exchange that people use to buy and sell goods and ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Sales Order Processing Procedures and Processes Your group, after receiving a report prepared by a consultant hired by the company, compiles the following information: For some of the orders from...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
You are the president of a new, capital-rich firm and you must decide on your firm's targeting approach. Three large subgroups exist in your market that have never had their unique needs served. If...
-
In Alahmadi During a cold winter day, wind at 55 km/h is blowing parallel to a 4-m-high and 10-m-long wall of a house. If the air outside is at 5°C and the surface temperature of the wall is...
-
In Concept Check 15.6, we considered how to slow down the release of a drug in a transdermal patch by increasing the thickness of the membrane. Which of the following strategies will decrease the...
-
Using the data in question 4, Department Xs contribution to overhead as a percentage of sales is a. 20%. c. 12%. e. 32%. b. 30%. d. 48%. Data From Question 4 A company operates three retail...
-
Hunt Manufacturing Company makes tents that it sells directly to camping enthusiasts through a mail-order marketing program. The company pays a quality control expert $72,000 per year to inspect...
-
The following scenario will be used for the next three questions. Thorin Corp. began operations in 2017. It is a merchandiser of a single item - Product Q and uses the Periodic Inventory method. The...
-
What is the central bank of the United States and what functions does it perform?
-
What are the main components of money in the United States today?
-
Again, consider the numerical example that we used to demonstrate the thinking of Adam Smith (page 36). When these countries open to free trade, is it possible that the free-trade equilibrium world...
-
An LP problem has a bounded feasible region. If this problem has an equality 1=2 constraint, then a. this must be a minimization problem. b. the feasible region must consist of a line segment. c. the...
-
What is the main difference between goal programming and traditional LP problems?
-
An unfeasible solution to an LP problem solved by a graphical method a. satisfies all of the problems constraints simultaneously. b. satisfies all of the constraints. c. is a corner point of the...
-
Which type of network model determines the path connecting all the points while minimizing total distance? This model is often used for finding the best way to connect nodes in order to optimize...
-
If a linear program is unbounded, the problem probably has not been formulated correctly. Which of the following would most likely cause this? a. A constraint was inadvertently omitted. b. An...
-
The management of Wallingford MicroBrew is considering the purchase of an automated bottling machine for $80,000. The machine would replace an old piece of equipment that costs $33,000 per year to...
-
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
-
a. How does an increase in the use of corn to produce ethanol affect the opportunity cost of corn? b. Why would you expect an increase in the quantity of corn produced to raise the opportunity cost...
-
In response to the Gates Malaria Forum in October 2007, countries are debating the pros and cons of eradication. Dr. Arata Kochi of the World Health Organization believes that with enough money...
-
What is the distinction between a money price and a relative price? Discuss.
-
Loop Area vs. Voltage: By varying the loop area while keeping the number of loops constant, I observed that as the loop area increased, the induced voltage also increased. This indicates a direct...
-
Database Concepts - create a use case diagram using the information and the table. explain your reasoning. - entities, attributes, relationships, assumptions - Music Store A local music store wants...
-
# TODO: Student writes their name and the date they started the assignment at the top of the file in the comment block below. # (delete this TODO line when completed) (1 pt.) # # # # TODO: Student...
Study smarter with the SolutionInn App