3. What are two things that meet the criteria of the functions of money, but may not necessarily be what you would think of as money?

Q: What are six qualities of the ideal money?

A: Money is basically the trustworthy item or a verified thing which is used for the exchange of goods…

Q: Which type of money is being used here? Explain briefly. a) Tea bricks (tea leaves pressed together)…

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

Q: How does commodity money differ from fiat money? Discuss with an example of each.

A: Fiat Money refers to the currency which is a legal or declared legal tender by the government. This…

Q: Nick is heading out to lunch. He goes to the bank and withdraws $30 from his savings account. He…

A: please find below the answer.

Q: Money is created when  A. a depositor deposits money at the bank. B. a bank grants a loan to a…

A: Money is something that is accepted as medium of exchange . It can be also be stored and act as…

Q: "It separated the act of sale and purchase" Which function of money is reflected in this statement?

A: We know well that money plays for important and crucial role in any Tommy of any country which are…

Q: are you in favour or against the abolition of cash?why

A: Abolishing of cash refers to ending the use of print cash and depending on the cashless system. This…

Q: One of the principle functions of money is that it serves as a “store of value." This role could be…

A: Money is anything that can be used as a medium of exchange. It is accepted by people and can be used…

Q: What are the three functions that a commodity must fulfill to be useful as money?​13.​Why can’t food…

A: A barter system is a way of exchanging goods and services. This method has been in use for decades,…

Q: Fiat money is any money that   Group of answer choices a. Earns interest when deposits in banks.…

A: Most modern currencies are called fiat currencies, including the euro, the U.S. dollar, and other…

Q: In economics term, define what money is

A: Natural objects were among the first forms of currency. Cowrie shells, for example, have been used…

Q: Why does money has intrinsic value? 2. Why does currecy has no intrinsic value?

A: Money is anything which is widely accepted by the genral public and also perform some functions…

Q: Many people collect baseball cards or comic books.  Certainly to some, these items have value.…

A: Money is something that is accepted in return for goods and services or to make payments. The…

Q: Using appropriate example, explain any FOUR (4) the function of money. Note: no need hand writing

A: Money overcomes the difficulties that the barter system has created.

Q: An item that is used as money, but which also has value from its use as something other than money…

A: A commodity has the intrinsic value that can be used as money  and also used as store of value over…

Q: Are there ways in which money in our society performs social functions as well as economic…

A: Money can be defined as any good that is widely accepted for the purpose of final payment of goods…

Q: What means supply of money?

A: Meaning of Exchange Rate: The term exchange rate refers to the situation under which a particular…

Q: Identify and briefly explain the four specific functions of money that economists have identified?

A: Medium of Exchange: The medium of exchange used to facilitate the buying and selling of goods and…

Q: Which of the following is​ money?   A. A check is money because while it is in circulation the…

A: Deposits held by individuals in banks and other financial institutions are treated as money because…

Q: What did they use for money back in Saladin’s day (12th century)?

A: Saladin's day refers to the time period during which Saladin, also known as Salah ad-Din Yusuf ibn…

Q: What is the role of money for Adam Smith?

A: The money is anything which is accepted by the economy and that has the ability to meet the basic…

Q: What's the role of the money in the economy?

A: Money is something that is used to make payments for the commodities purchased or to repay the debts…

Q: Why is money necessary in an economy? What are its functions and how is it created?

A: Money is the source which helps in buying goods and services. It works as a medium of exchange which…

Q: What is the difference between commodity money and fiat money? Is there a scenario you can think of…

A: Money is used for exchange purposes. Money is also used as unit of account and store of value.

Q: Money is a means of lowering the transaction costs of making exchanges. Do you agree or disagree?…

A: In economics, money is an important economic unit that is used to carry daily transactions and for…

Q: Only one of the following is part of the money supply. Which is it? Select one: A. Gold. B.…

A: The money supply, also known as the money stock, refers to the total amount of money that is in…

Q: Part I: Suppose you are a member of the Texas Legislature and you have to give your recommendation…

A: Making choices for the local distribution of a $100 million budget for various public services and…

Q: Describe how money contributes to economic activity and allows for a more complex society than…

A: The term "money" refers to anything which is generally accepted as a medium of exchange. There are…

Q: Which of the below statements DOES NOT CORRECTLY capture the meaning of the word "money" as…

A: Money is anything that serves as a medium of exchange, a unit of account, and a store of value

Q: use a diagram to illustrate the demand and supply of money

A: Money: Money is a commodity which is generally accepted as medium of exchange for all goods and…

Q: 1.Which of the following is not helpful in making something a good money?   Make it from…

A: From the question, the options we have area. Make it from  something everyone values, like gold.b.…

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: using examples the different forms of money ed d out of A BI 8 23 g question II 3.

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

Q: Money is a means of lowering the transaction costs of making exchanges. Do you agree or disagree?…

A: Money is used in many purposes. The following are the purposes of money: Medium of Exchange: Money…

Q: What is a definition of money and list 4 factors that affect the demand for money?

A: Answer is given below

Q: Example of money motives?

A: Anything can be used as a medium of exchange to buy goods and services is known as money. The money…

Q: Which of the following is are the three jobs of money? (Check all that apply)   A. Medium of…

A: According to definitions used in economics, money is a commodity that acts as a store of value and a…

Q: How does the increase of prices of goods affect the purchasing power of money?

A: Purchasing Power:-    The quantity of goods that can be purchased with one unit of a currency…

Q: What is money? Explain the definition in terms of the functions of money?

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

Q: Elaborate on the FOUR (4) main functions of money.

A: Money can be defined as anything that can be widely for the transaction of goods and services.

Q: 1) Given the following three examples of means of payment, among them, which is/are money? and…

A: It is common practice to utilise money as a form of exchange to quicken up the exchange of products…