Why is money used in exchange when people could carry out transactions by trading goods or using

Question:

Why is money used in exchange when people could carry out transactions by trading goods or using credit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

See More Books

Question Posted: Feb 21, 2020 09:26 AM

See More Questions

In the late 1990s, several East Asian countries used limited flexibility or currency pegs in managing their exchange rates relative to the U.S. dollar. This question considers how different countries...
Throughout years the United States government has created regulations of market and conduct when it comes to importation. There were antitrust laws created to ensure that the public was protected...
In a government report in 2012,1 it was estimated that Air Force One costs the taxpayers $ 179,750 per hour. Air Force One is a custom- built Boeing 747 for the presidents use while in office. (There...
Robert is the owner of an automobile manufacturing company. He calls for a board meeting and tells his directors that he wants to build a car that lets the users experience power and exhilaration. He...
A balanced three-phase transformer bank with the Î -Y connection depicted in Fig. 13.137 is used to step down line voltages from 4,500 V rms to 900 V rms. If the transformer feeds a 120-kVA...
Toby is a widower. He was born in August 1933. His wife was born in June 1934 but she died in March 2020. Toby's income for 2020-21 is as follows: Calculate the amount of income tax repayable to Toby...
Determine if the mixed method aspect is concurrent, sequential,, or nested. Develop a hypothetical research scenario that would necessitate the use of the Mixed Method A-B-A Design. The research will...
A beginning accounting student tried to complete a work sheet for Joyce Lee's Tax Service. The following adjusting entries were to have been analyzed and entered onto the work sheet. The work sheet...
You are about to make a delicious chicken Alfredo pasta for dinner but realize you are out of prego Alfredo sauce so you rush to the supermarket to pick uo a bottle. As yiu are heading down tge aisle...
There are both pragmatic and normative arguments for citizen engagement in spatial planning. Pragmatic arguments include the need to address increasingly wicked problems - utilizing the knowledge of...
Cypress Timber Company has a December 31 fiscal year end. The following information is related to its Westerlund tract of timber land: 1. Cypress purchased a 50,000-hectare tract of timber land at...
Rivers Mining Company has a December 31 fiscal year end. The following information relates to its Golden Grove mine: 1. Rivers purchased the Golden Grove mine on March 31, 2020, for $2.6 million...
Particles A and B are traveling around a circular track at speed v 0 at the instant shown. If the speed of B is increased by dv B /dt = a Bt , and at the same instant A has an increase in speed dv A...
Identify how differential pricing can help increase profits when serving multiple customer segments.
Sales efforts and orders peak near the end of any month, quarter, or other evaluation period. This is commonly referred to as the hockey stick phenomenon. the student syndrome. Murphys Law. the...
Discuss the challenges faced by a supply chain that employs a buy back or return clause with its retailers. How can these challenges be overcome?
The procurement process for direct materials should primarily focus on improving coordination and visibility with the supplier. decreasing the transaction cost for each order. consolidation of orders...
Understand the importance of sustainability in a supply chain.
The earth spins on its axis once a day and orbits the sun once a year (365 days). Determine the average angular velocity (in rad/s) of the earth as it (a) Spins on its axis (b) Orbits the sun. In...
Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...
In studying the economic history of England before the Industrial Revolution, Professor Gregory Clark discovered an interesting fact. Examining archival data on wills and estates, he found that...
On the hills surrounding Lima, Peru, and many other South American cities, large numbers of residents live in urban slums, many having taken over these lands through urban invasions. Many families...
1. To gauge living standards across countries with populations of different sizes, economists use __________. 2. In poor countries, the relative prices for non-traded goods (such as household...
What are the molecular mechanisms underlying cellular respiration, and how do they facilitate the conversion of chemical energy stored in organic molecules into adenosine triphosphate (ATP) for...
How can advancements in respiratory diagnostics, imaging modalities, and pulmonary rehabilitation techniques enhance our understanding of respiratory pathophysiology and improve clinical management...
i want the answer on this ,) For each part, give a relation on {a,b,c} that satisfies the condition. a.Reflexive and symmetric but not transitive b.Reflexive and transitive but not symmetric...

Why is money used in exchange when people could carry out transactions by trading goods or using

Question:

Step by Step Answer:

1 One of the moneys biggest benefits is that it is almost always more mobile than products Claim tha...View the full answer

Macroeconomics

Students also viewed these Business questions