1.In your opinion, what commodity can be used as money? In other words, what requirements the commodity...

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

Question:

1.In your opinion, what commodity can be used as "money"? In other words, what requirements the commodity must meet to be "money"?

2.What are the main reasons that salt cannot finally play the role of money?

Related Book For answer-question

Essentials of Business Analytics

ISBN: 978-1285187273

1st edition

Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams

See More Books

Posted Date: Apr 05, 2023 01:46 AM

See More Questions

(b) (c) 1.1 Calculate the moments of the triangle bounded by the lines y=x-1, x=0^y=0 e(x,y)=xy density Find the Taylor series for f(x)= Inx about x=1 having [9 marks] and use it to approximate the...
Write a project management plan. we have a template and project description. we need to edit the template(table of contents) with our own ideas. CPSC 8820-01 Project Management Plan Your Unique...
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 lengths of the three sides of a triangle (in feet )are consecutive even integers. If the perimeter is 96 feet, find the value of the shortest of the three side lengths.
Refer to Problem 2-47B. After completing the trial balance in Problem 2-47B, prepare the following financial statements for Beth Yung, Designer, P.C.: Requirements 1. Income statement for the month...
The Jogger Shoe Company is trying to decide whether to make a change in its most popular brand of running shoes. T he new style would cost the same to produce and be priced the same, but it would...
What is the effect of different pricing strategies on personal selling?
On May 1, Soriano Co. reported the following account balances along with their estimated fair values: On that day, Zambrano paid cash to acquire all of the assets and liabilities of Soriano, which...
Make a statement of shareholders equity based off the following journal entries. The retained earnings are $25,771. 8/1 You filed a charter with the State of Louisiana to form your accounting...
Healthwise Medical Supplies Company is located at 2400 Second Street, City, ST 12345. The company is a general partnership that uses the calendar year and accrual basis for both book and tax...
Solve problem with the following modifications. Do not worry about section g. f' = 5500 psi, f' = 4000psi, o' = 2300psi, live load equal to 80 psf. 4.7 AT beam (Fig. P4.7) supports in addition to its...
The equilibrium in a competitive market, where all firms are price takers, requires P = MC. Is it possible for all firms to have the same marginal cost? What happens if MCs are different? Is a...
A two-lane urban road with one-way traffic has a maximum capacity of 1800 vehicles/hour. Under the jam condition, the average length occupied by the vehicles is 5.0 m. The speed versus density...
3. A rich Abell Cluster is observed to consist of 1200 galaxies and a radial size R 7 Mpc. The average dispersion speed associated with the galaxies moving randomly in the cluster is estimated to be...
1. If hamburgers get more expensive, how is it going to affect equilibrium and price and quantity for French fries? Use the following diagrams to show how things are going to change. PA French fries:...
Use the graph to answer the question that follows. The graph represents a firm in monopolistic competition. Which of the following statements about the firm's price is accurate? The price is set at...
On April 2 a corporation purchased for cash 5,000 shares of its own $15 par common stock at $26 per share. It sold 3,000 of the treasury shares at $29 per share on June 10. The remaining 2000 shares...
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
In a manufacturing process the assembly line speed (feet per minute) was thought to affect the number of defective parts found during the inspection process. To test this theory, managers devised a...
One advantage of simulation is that a simulation model can be altered easily to reflect a change in the assumptions. Refer to the Burger Dome analysis in Problem 16. Assume that the service time is...
Refer to the scenario described in Problem 16 and the file CreditScore. Partition the data into training (50 percent), validation (30 percent), and test (20 percent) sets. Predict the individuals'...
The freezing point of pure benzene is $5.44^{\circ} \mathrm{C}$ and that of the solution containing $2.092 \mathrm{~g}$ of benzaldehyde in $100 \mathrm{~g}$ of benzene is \(4.44^{\circ}...
The molality of dissolved gases in water at $0^{\circ} \mathrm{C}$ and $1 \mathrm{~atm}$ is $1.29 \times 10^{-3}$. The decrease in volume during melting of ice is \(0.0907 \mathrm{cc} /...
Calculate the mass of methyl alcohol which, when dissolved in $100 \mathrm{~g}$ of water, would just prevent the formation of ice at $-10^{\circ} \mathrm{C}$, given that $K_{\mathrm{f}}$ is...

1.In your opinion, what commodity can be used as money? In other words, what requirements the commodity...

Question:

Expert Answer:

Money is a medium of exchange widely accepted in transactions for goods and services Historically va... View the full answer

Essentials of Business Analytics

Students also viewed these finance questions