What challenges would you face if we lived in a society without money and would require a barter system and  How would these challenges impact your ability to choose what products and services you purchase, as well as what brand or provider you use for those services.

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: why can't food be used as a form of money?

A: Money is anything which is generally accepted by the people in the economy and used for the purchase…

Q: Persuasive essay about money laundering in the Philippines 1000 words

A: Money laundering is the illicit technique of making significant sums of money obtained through…

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: Why (not how) did money evolve out of a barter economy?

A: A market system with exchange of goods and services with goods and services is known as barter…

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: At which stage money laundering is easy to detect?

A: Money laundering refers to an illegal process of producing a huge amount of money that is generated…

Q: What is bartering

A: Bartering involves an exchange of two commodities. it is a c to c process where c stands for…

Q: Could corn be used as commodity money?

A: Commodity Money: The commodity money refers to the commodities that were used as the medium of…

Q: What are two advantages and one disadvantages of using cash as THE MAIN medium of exchange?

A: Medium of exchange: -any item that can be accepted as an exchange for goods and services serves the…

Q: Main difficulties due to the barter system was failed ?

A: Definition Money did not exist in man's early history. Since each family was self-sufficient, there…

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

A: The aggregate volume of money available in an economic region at a point in time constitutes its…

Q: Scope Of Islamic Banking In Pakistan

A: A bank is a type of financial institution that is authorised to accept deposits and provide loans.…

Q: What is barter system in an economy and what are its drawback!

A: According to the given question Actually before the evolution of given money goods were actually…

Q: Nafisa buried money in her garden to use in an emergency. State, which of the three functions of…

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

Q: Buying a cup of coffee with a dollar bill represents the use of money as a

A: (Q) Buying a cup of coffee with a dollar bill represents the use of money as a (Q) Buying a cup of…

Q: Dollar bills, rare paintings, and emerald necklaces are all

A: All the features of money will not present in other valuable items.

Q: What is one challenge you may face when trying to "barter" for goods? Why would you face that…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: State the role of money in the economy

A: When talking about money in economics, it plays a vital role in making an effective exchange of…

Q: What are the inherent disadvantages of a barter system?

A: The old system in which one commodity is exchanged for other commodity is called the barter system.…

Q: Why do you think money separates us when it bonds us?

A: In economics, money is the medium with the help of which people can buy and exchange goods they…

Q: DISCUSS THE DISADVANTAGES OF BARTER SYSTEM   THANK YOU

A: The barter system was used in earlier times to exchange commodities. In this system, one good was…

Q: That money can be used to repay loans relates to money's function as a A) Standard of deferred…

A: The money is anything which is widely accepted as a medium of exchange for goods and services in the…

Q: Using economic theory what are the benefits and drawbacks of using digital currencies?

A: Digital currency is the powerful technological innovation happened to the money market in recent…

Q: How study in economic would benefit the central bank and nation.

A: Economics is the study of social science which states the relationship between ends and scarce…

Q: what are the three main credit bureaus? They should explain how each one works and how they are…

A: This chapter is related to credit bureau. Credit bureau, also known in the US as credit reporting…

Q: Before the introduction of money, there was a system of trade called the barter trade. Discuss the…

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

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: Expain what is the impact of money laundering towards the economy

A: Money laundering is the act of bringing in cash that was acquired through criminal means, like…

Q: Answer in no more than 5 sentences. In your opinion, which is more convenient for you to use:…

A: Cash: Cash is a bill that is used to acquire any good or service. Cash can be in the form of coins…

Q: WRITE THE QUESTION NUMBER AND ANSWER USING CAPITAL LETTER ONLY. 1. Money ________. A. is always…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

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: amping store, reviews a price list of various camping supplies before placing an order B. Tonya…

A: Unit of account means money serves as a common medium or unit of account for comparison .  Money…

Q: what are the steps in money laundering process

A: Money laundering: The conversion of illegally earned into legitimate money.

Q: money supply,

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Is barter becoming more or less prevalent in the US economy? What are some underground market…

A: Answer - Need to find- "Thank you for submitting the question.But, we are authorized to solve one…

Q: Fiat money isa. a type of money with intrinsic value.b. a type of money set by government decree.c.…

A: Fiat Money is the most common form of currency used for the transaction which is issued by the…

Q: Why can fiat money be successfully used as a currency despite the fact that it has no intrinsic…

A: The money of any type, when used or circulated as a means of trade, particularly rotating notes and…

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: Commodity money is a form of currency in which the value of the currency comes from the material of…

A: Commodity value is the value of money which comes from commodity it's made of. Example : Gold and…

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…

Required Reserve and Excess Reserve Analysis

A required reserve is an amount of cash that banks must keep with themselves, which is certain percentage of the deposits made by their customers. Required reserve is a percentage of the bank's deposits that the respective bank must have on each overnight. The percentage rate is set and determined by the nation’s central bank. It is important to have such funds accumulated to meet its uncertain obligations, sudden liabilities and withdrawals. Required reserve is also known as reserve ratio. Reserve ratio is an important tool to control the money supply.