What are the functions of money?

Q: what is the benefit if the commercial banks create new money?

A: Money refers to the economic unit that is used to make exchanges and to set the value of any…

Q: hat other alternatives do depositors have to bank deposits and how could that affect the bank’s…

A: Money is placed in banking institutions for safekeeping and is referred to as a bank deposit.…

Q: Name any item that is a store of value, but does not serve the other functions of money. Explain…

A: "The three main functions of money are a medium of exchange, store of value, and a unit of account."

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: A main difference between using cigarettes and using dollars as money is that    have intrinsic…

A: Intrinsic value : The inherent value of an object or commodity that is not based on its monetary or…

Q: What are the main functions of money ?

A: Money refers to anything that is widely accepted in an economy as payment in exchange for goods and…

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: n economic terms, define what money is.

A: When it comes to economics, money is a commonly used means of exchange for the trade of goods and…

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: What is the difference between printing money and creating money?

A: In an economy, the task of printing money is undertaken by the government. The central bank decides…

Q: Why do people demand for money? Discuss the different motives of holding money.

A: The demand for money is termed as to how many assets a person wishes to hold in the form of money…

Q: Explain how money evolved over the years?

A: Money is an object that is generally accepted as payment for goods and services and repayment of…

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: Define the functions of money. Explain in detail. Thank you.

A: Money is any tangible item or verifiable document that is regularly accepted as payment for goods…

Q: How has Ethereum (cryptocurrency) evolved over time, and how may it evolve further in the future?…

A: Ethereum is a decentralized blockchain stage that was sent off in 2015 by Vitalik Buterin. It is the…

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 is commodity money? What is fiat money?Which kind do we use?

A: Commodity money is kind of money has an intrinsic face value, its value comes from the material from…

Q: Trace the development of money (a) barter (b) commodity and (c) fiat money, explain the role of…

A: In a transactional economy, money is an economic unit that acts as a commonly acknowledged method of…

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: Explain the role of money in society

A: Explain the role of money in society.

Q: Explain money, types and functions of money.

A: Human needs a variety of goods and services to sustain life but they have the skills to produce one…

Q: Explain the simplicity of money creation?

A: The cycle in which the financial system makes checkable deposits(CD) by loaning excess reserves. The…

Q: Which is the most commonly used tool to influence the money supply?

A: Money supply refers to all the currency, coins and liquid cash in an economy at a given time period.…

Q: What does it mean to say that banks create money? Carefully Explain.

A: The financial institution that provides various financial services including wealth management and…

Q: ays.

A: Digital money is a currency that exists purely in digital form or electronic form but not in…

Q: how is money created?

A: In economics, money is a tool or a set of assets in the economy through which goods and services are…

Q: Function of money

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

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…