One reason why cryptocurrency is not considered money by many is that it is not considered to be a __________________ __________________ __________________.

Q: Type of deposit/aggregate Amount (Rbn) Bank notes and coins 57 Short term deposits 82 Cheques and…

A: As per given question:-   Type of deposit/aggregate Amount (Rbn) Bank notes and coins 57…

Q: What are the THREE basic functions of money? as a commodity as a store of value as a barrier to…

A: Money - It is a legal tender accepted as payment for goods and services. It is accepted for…

Q: Let's say that you have put $1,000 in your savings account at a local financial institution, and an…

A: The banks which deals with public(Known as commercial banks) are the financial institution whose…

Q: Suppose on your 21st birthday, your eccentric grandmother invites you to her house, takes you into…

A: The M1 and M2 are the two different measures of the money supply in the economy. The M1 is known as…

Q: How are bananas used as a form of money in Bananatown? A. Bananas function as a unit of account and…

A: Money refers to the medium of exchange. Money is accepted as payments for goods and services in an…

Q: 1. When someone moves money from a saving account to a demand deposit, the size of M1 will: a.…

A: M1 cash supply incorporates those monies that are extremely fluid like money, checkable (request)…

Q: Explain the differences between commodity money and fiat money. What are the major disadvantages of…

A: Money is something that is commonly accepted by the economy as a medium of exchange. Thus, money is…

Q: This month, the Hong Kong government planned to issue up to $2.55 billion in retail green bonds.…

A: The money supply usually refers to the total amount of cash and liquid assets in an economy on a…

Q: Briefly describe the dynamic function of Money

A: Sir Paul einzig broadly diffrentiated the function of money in two types :- (1) Static function of…

Q: Suppose you inherited $257,000 cash from a bequest, and you decide to deposit it at your bank.…

A: a. Present money supply in the economy $257,000 Required reserve ratio 3.5% = 3.5% of total deposit…

Q: t is money for in terms of finance

A: Finance is the management of money, it includes all kinds of investments, borrowing, and lending.…

Q: Why does the Federal Reserve require commercial banks to have reserves? Explain why reserves are an…

A: The federal reserve system refers to the central banking system that is followed in the U.S. Many…

Q: Explain the four functions of money?

A: Medium of Exchange    One of the most important primary functions of money is that it acts as a…

Q: Explain how banks create money.

A: Answer - Bank - Banks are the financial institutions . they have many functions such as deposition…

Q: Which of the following is true about money in the colonies? O Whether with friends or strangers,…

A: please find the answer below.

Q: What are the major components of the Philippine Financial system. How are each component involved in…

A: In finance, the word "financial system" refers to the mechanism that permits money to flow between…

Q: What goods and services are currently priced in Bitcoin?  Give specific examples of goods and…

A: First part People are buying pornography, patio furniture, and a home coronavirus test with…

Q: Discuss the concept of money and modern paper currencies from Islamic point of view. Also discuss…

A: There are recent debates in social media that create a level of unease regarding what constitutes…

Q: Answer briefly ) Explain the differences between commodity money and fiat money. What are the major…

A: Money is an object that is commonly accepted by the economy as a medium of exchange. Thus, money is…

Q: You take Rs. 400 you had kept under your mattress and deposit it in your bank account. If this Rs.…

A: In the field of economics, money defined as an asset or a group of assets that individuals in the…

Q: People in Cambodia keep talking about Bitcoin, a crypto currency (electronic currency). Given the…

A: Solution: (1)  Cryptocurrency: It refers to a digital currency that is secured by cryptography,…

Q: able 1 below shows the different categories of money that make up Country A’s money supply. Use this…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the first 3 subparts for you, as…

Q: IS CRYPTOCURRENCY MONEY, WILL IT BECOME MONEY, & WHAT MAY BE THE EFFECT OF CENTRAL BANK DIGITAL…

A: Answer:-  ▪︎Cryptocurrency is a type of virtual money that consists of a collection of binary data…

Q: One of the features of money is its store of value. However, most people do not hold their wealth as…

A: Since cash's helpfulness as a medium of exchange or trade-in exchanges is intrinsically…

Q: Money is considered to be commodity or unit of exchange? What are the important functions of money…

A: Money is used as an expression for wealth in general. It is an important part of the economic…

Q: You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend…

A: To ascertain the value of checkable bank deposits: a) Given: Initial deposits = $4000 Reserve…

Q: Suppose that in a given month $52 million is deposited into the banking system while $60 million is…

A: Money Supply refers to the total money in various forms available and circulating within the economy…

Q: Describe the functions of money

A: Money has four functions: 1) Store of value: Money can be stored easily unlike perishable…

Q: Suppose that a $100 purchase of government bonds by the U.S. Federal Reserve causes a $200 increase…

A: Federal reserve uses open market operations to change money supply. Fed buys bonds to increase money…

Q: What are the benefits and costs for a bank when itdecides to increase the amount of its bank…

A: Banks are the financial institutions in the economy that help to channelize the deposits from the…

Q: Debate what is a future of crypto currencies?  why it might be a good or bad idea for banks to hold…

A: In recent times, the cryptocurrencies are getting popular and future. The legalization of these…

Q: Assume that the banking system has total reserves of Rs.200 billion. Assume also that required…

A: The money supply is defined narrowly to include currency with the public and demand deposit held by…

Q: Despite the emerging trends on the use of cryptocurrency, economics research so far has provided…

A: Cryptocurrency is a digital mode for money. Cryptocurrency in itself has no physical coin or note…

Q: escribe the four functions of money?

A: Anything that is used as a medium of exchange, a unit of account, and storage of value, is called…