Answer in no more than 5 sentences. In your opinion, which is more convenient for you to use: cheques or actual currency? Why do you say so?

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: Could each of the following items potentially serve as money? Consider each as a medium of exchange,…

A: As we answer only three subparts and the question has more than 3 subparts, we would be answering…

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: 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: 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: What proportions of your money balance are held for transactions, precautionary, and speculative…

A: Money is anything which can be used as a medium of exchange, store of value and unity of account.…

Q: Which of the following is NOT included as M1 money?   A. Currency   B. Travelers checks…

A: Based on the liquidity the monetary authority defines the money. M1 money comprises very liquid…

Q: How do representative and credit money compare to commodity money

A: Representative money includes paper and coins. Credit money includes bonds and credit cards.…

Q: Money is: the same as income. anything that is commonly accepted as medium of…

A: Money is a commodity is used to conduct daily transactions of goods and services. Money can be in…

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: Billions of Item Dollars Checkable Deposits Seall Time Deposits Currency Honey-Market Mutual Funds…

A: Here we calculate the Size of Money Supply M2 by using the given information , so the calculation of…

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: Which of the following characteristics is true of paper currency? O It is the only type of money…

A: In an economy, money is exchanged in different forms such as paper money, coins, pr other monetary…

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: 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: The type of currency in circulation in the r O metallic money O commodity money silver certificates…

A: Definition: The US economy is a mixed economy. It works as per a monetary framework that describes…

Q: Which function of money is best served by bitcoin?   A. A medium of exchange   B. A unit…

A: The bid=t coin is accepted to exchange for certain goods and services. This indicates the medium of…

Q: M1 includes currency, checkable deposits, and traveler's checks, but M2 does not include M1 in any…

A: False. M2 includes M1 along with savings and time deposits,  money market funds and certificates of…

Q: Can the banking sector "create" money? Explain your answer.

A: Banks are defined as financial institutions that perform various financial functions for their…

Q: How does Bitcoin work? Is it legit? How do they invest in Bitcoin?

A: Cryptocurrency is known as a digital currency that is encrypted to prevent counterfeiting and double…

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: is an object in use as a medium of exchange, but which also has a substantial value in alternative…

A: Money- It is a medium of exchange that includes paper money, coins, and demand deposits.

Q: Why credit cards are not money? Explain any five points.

A: Money is any object which is acceptable legally as payment for services and goods and also for the…

Q: Which of the following could not be used as commodity money A. Gold coins B. Camel cigarettes C.…

A: The US currency is not used as commodity money because commodity money is the money that also has…

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: 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: Money as a means of payments refers only to: Answer a. Actual currency b. Coins and currency c.…

A: Money is a medium of exchange and it allows people to get what they want.

Q: Why is simply counting currency an inadequate measureof money?

A: In the field of economics, money is defined as an economic unit that works as a generally recognized…

Q: money supply,

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

Q: The functions of money include the following: Note: choose up to four (4). If you check more than…

A:

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: Match the function of money with the definition Unit of Account Store of Value Medium of Exchange ::…

A: Money refers to a good that is widely accepted in exchange of goods and services. Money is used as…

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: “Whenever currency is deposited in a commercial bank, cash goes out of circulation and, as a result,…

A: The money supply in the economy of a nation on the date calculated is both the currency and other…

Q: Over the years, the Federal Reserve Banks have printed many billions of dollars more in currency…

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

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: 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…