1. If money is not backed by gold, what gives it its value? 2. If the money...
Question:
1. If money is not backed by gold, what gives it its value?
2. If the money that banks have created vastly exceeds the amount of cash in the economy, does this mean that there is too much money in the economy?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 The fact that it is generally acceptable as a medium of exchange as a store o...View the full answer
Answered By
Vivek Sagar
Vivek sagar,have recently cleared my M.A in economics from Delhi School of Economics (university of Delhi).before that i have done my graduation in economics from Rajdhani College (university of Delhi),with good academic score.
I have 2 year of experience of teaching in economics at local level.i had work with Chegg (as an expert) ,there in last 6 months i have solved 2500+ question with very high acceptance rate. So knows how to deal questions and home work assignments.
Like to work with data, so i have the required knowledge of Stata, R and excel. Like to work in reas related to Economics, for example Microeconomics, Macroeconomics, Industrial Organisation, Game theory, Econometrics and International trade.
How i try to teach my students?
Try to explain the concepts of economics with the help of close real life Examples, So that they can relate things what they are studying to what that things are in real world.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
