The total amount of U.S. currency in circulation divided by the U.S. population comes out to about $3,500 per person. That is more than most of us carry. Where is all the cash?

Q: For the following list of items, indicate if they are in M1, M2, or neither: a. Your $5,000 line of…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub- parts…

Q: Differentiate between deposit taking and non-deposit taking financial institutions with one real…

A: There are many types of financial institutions in the economy. The main two types of financial…

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: Set forth and describe two of the basic qualities needed for any item to be used as money.

A: Money is a resource or asset that is accepted and used as an exchange medium to buy commodities and…

Q: If the desired reserve ratio in a country is equal to 5% and the cash drain ratio is 30%, a deposit…

A: Required reserves is the portion of the deposit money that the commercial banks are required to keep…

Q: Q2. The total amount of U.S currency in circulation divided by the U.S population comes out to about…

A: In monetary term, the money available for use in a nation is the circulation of money or money…

Q: In ancient Greece, why was gold a more likely candidate for use as money than wine?

A: Money is something which is has a general acceptability and is a common medium of exchange to buy…

Q: what tools are used by the central bank in Jamaica to affect the money supply

A: In the case of Jamaica, the 2 main operational tools are OMOs and reserve requirements. The Bank of…

Q: commodity money that has been used in different times in the history

A: Money can be defined as an asset with monetary characteristics which is generally accepted as a…

Q: What challenges would you face if we lived in a society without money and would require a barter…

A: Barter system is a economic system where goods are exchanged in terms of another goods.

Q: How much money does the average American have in the bank?

A: As per Federal Reserve Survey of Consumer Finance 2016, the average balance was $10545.

Q: How does the federal government regulates banking and our money supply

A: We are going to analyze relationship between federal government and banking to answer this question.

Q: Explain why credit cards are not considered as money.

A:

Q: An advantage that money has over other assets is that it: Answer a. Provides a higher return to the…

A: Money can be termed as a medium of exchange used for the transactional purposes of goods &…

Q: What components of money do we count in M2?

A: Answer: Introduction: Money: Money is the stock of assets used for transactions. For instance,…

Q: Debit cards are considered as __________ money

A: According to time, place and different circumstances money has evolved itself through many different…

Q: The money in your personal checking account is counted as:   A. Neither M1 nor M2 money…

A: M1 is the measure of money which includes -  M1 = Cash + Demand Deposits + Deposits in Checking…

Q: In many casinos, a person buys chips to use for gambling. Within the casino's walls, customers often…

A: Given : In casinos, chips are used as money to purchase goods and services.

Q: History of money

A: The word money means a medium of material where one can exchange goods and services.

Q: Fiat money is accepted as money becaus?

A: The term is gotten from the Latin word fiat, and that implies an assurance by power — for this…

Q: Calculate the initial deposit if total money creation is $25,000 and the legal reserve ratio is 18%

A: The information being given is:- Total money creation in the economy = $25,000  Legal reserve ratio…

Q: What would happen if we all decided that money has no value?

A: Money has a value, as it is issued by the government that is used around the world. People use the…

Q: If people use ketchup packets as a medium of exchange, what type of money would they be?

A: When ketchup packets act as medium of exchange then the money would be called as commodity…

Q: Views on electronic money, or e-money, and digital cash

A: Money is a medium of exchange and is accepted as payment of any product or service.

Q: If you take $100 out of your piggy bank at home and deposit it into your checking account, how did…

A: M1 is the summation of currency in circulation, a demand deposit, travelers check, and other…

Q: Which of the following is not one of the three functions of money? Medium of Exchange Credit for…

A: Money has three important functions.

Q: What is the Bangladesh bank money-laundering prevention act

A: Money laundering is viewed as an offence since it has conceivably wrecking financial, security, and…

Q: What is the difference between book money and paper money?

A: Barter system is a demonstration of exchanging labor and products between at least two gatherings…

Q: True or False: When you deposit currency in a checking account, cash goes out of circulation and the…

A: Answer to the question is as follows :

Q: All of the following are examples of savings vehicles EXCEPT Savings account Money Market Account…

A: Individuals receive income for various services provided by them in the production of goods and…

Q: What are the four functions that money serves?

A: Money is an economic unit that is used to conduct daily transactions. Prior to the use of money, the…

Q: What are the different types of deposit accounts and loans offered to customers by any one…

A: * ANSWER :-

Q: what if the Bank of Cheap Loans tries to charge an even lower rate?

A: A number of banks and housing finance companies reduce the interest rate for a fee on the floating…

Q: Compare and contrast representative money, credit money and commodity money

A: Representative money:- It can be defined as the means of commerce, frequently printed on paper, that…

Q: Distinguish between legally required reserves and excess reserves.

A: Bank reserves are the minimum cash that financial institutions must have in hand to meet the…

Q: HOW MANY BANKING REGULATIONS ARE THERE in the philippines?

A: There are 4 main categories of banking regulations in the Philippines. 1)Prudential regulations.…

Q: what is the purpose and functions of inside money transfer?

A: In Democratic government system typically, it has been observed that there is both public and…

Q: What distinguishes money from other assets in theeconomy?

A: Following are the points which distinguish money from other assets : 1. Money is highly liquid as…

Q: Is Bitcoin legal tender anywhere in the world? Explain and cite your source?

A: Concept The digital money is a peer-to-peer system. Bitcoin first appeared in 2009, introduced the…

Q: If ours were a barter economy, how would you pay your tuition bill? What if your college did not…

A: The system in which one commodity is exchanged for another commodity is known as barter system.

Q: oney does not include _________________________   Checks against checking accounts.   Debit cards.…

A: Money refers to the means of paying for something or buying something using coins or notes

Q: Fiat Money or Commodity Money, which is more prone to inflation?

A: The tendency of price rising up in an economy, making the the purchasing power of money lower over…

Q: How does the banking system create money? Explain by giving an example.

A: The important function which the banks performs is the creation of money in the economy. This…

Q: the total amount of us currency in circulation divided by the us population comes out to about 3500…

A: The money supply refers to the circulation of money in the economic system where the individuals…