Money makes the payments system work. The payments system is the web of arrangements that allows people
Question:
Money makes the payments system work. The payments system is the web of arrangements that allows people to exchange goods and services. There are three broad categories of payments, all of which use money at some stage.
a. Cash
b. Checks
c. Electronic payments
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
Question Posted:
Students also viewed these Business questions
-
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...
-
Python and most Python libraries are free to download or use, though many users use Python through a paid service. Paid services help IT organizations manage the risks associated with the use of...
-
Draw a total setup outline and decide the expense for the most economical design, i.e., the one where the complete expense of the correspondences circuits and equpment is the least. (b) The...
-
Write out the first three terms in the expansion (x + y) 12 .
-
Annual reports of two manufacturing companies in the same industry reveal the following for a recent year (amounts in millions): Required: A. Compute the accounts receivable turnover for each...
-
Information related to plant assets, natural resources, and intangibles at the end of 2012 for Lucy Company is as follows: buildings $1,100,000; accumulated depreciationbuildings $650,000; goodwill...
-
Many single women and married couples use donated sperm to conceive children each year. Pennsylvania resident Donna Donovan decided to use donated sperm from Idant Laboratories, a New York sperm bank...
-
Presented below is the December 31 trial balance of New York Boutique. Instructions(a) Construct T-accounts and enter the balances shown.(b) Prepare adjusting journal entries for the following and...
-
In December of 2017, the US Government signed the Tax Cuts and Jobs Act (TCJA) into law. The TCJA had four goals; tax relief for middle-income families, simplification for individuals, economic...
-
To understand the links between money and inflation, we need to measure the quantity of money in the economy. There are two basic measures of money: M1 and M2. M1, the narrowest measure, includes...
-
Money is an asset that is generally accepted in payment for goods and services or repayment of debts. a. Money has three basic uses: i. Means of payment ii. Unit of account iii. Store of value b....
-
Linda wants to purchase a Leisure Heights condominium apartment. She will borrow $100,000 from the Duchess Savings Bank. The bank is presently offering a 30 year fixed rate mortgage with an APR of...
-
What are the evolutionary implications of enzyme diversity and divergence, and how do sequence homology, gene duplication, and divergent evolution contribute to the emergence of novel enzymatic...
-
A karaoke machine regularly costs $146 and is on sale for 35% off. What is the discount?
-
How do globalization and transnationalism affect the traditional boundaries and notions of community, and what strategies can be employed to reconcile local identities with global interconnectedness?
-
The Corona Virus, that started to spread in many countries in early 2020, is more contagious than the common flu. Many people are infected, and many of the infected have died. The number of deaths...
-
Dr. Troy is analyzing the hospital's yearly outcomes to see if the facility is meeting the current obligations. She decided to use a current ratio to determine the facility's strength. What is the...
-
(a) In a certain region of space, the volume charge density p has a uniform positive value. Can E be uniform in this region? Explain. (b) Suppose that in this region of uniform positive p there is a...
-
The test statistic in the NeymanPearson Lemma and the likelihood ratio test statistic K are intimately related. Consider testing H 0 : = 0 versus H a : = a , and let * denote the test statistic...
-
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have initially, the balance sheet in Problem 5 or the following balance sheet?Why? Assets Liabilities Reserves $100...
-
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have initially, the balance sheet in Problem 5 or the following balance sheet?Why? Assets Liabilities Reserves $100...
-
Why has the development of overnight loan markets made it more likely that banks will hold fewer excess reserves?
-
Consider this network topology: A ---> S -----> B with two hosts (A and B) and a switch S that uses store and forward technique. Use this notation: d(x,y) = distance between nodes x and y v = signal...
-
What specifically we need to do to protect from deauth attack which can be done by using sparrow-wifi, wifiphisher and evil twin attack using airgedddon? What specifically we need to do to protect...
-
Remote Access: Explain the different types of remote access and when they might be used. Topic #2: Group Policy What is Group Policy in Windows Server?
Study smarter with the SolutionInn App