What is the difference between book money and paper 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: 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: Why do we permit governments to be in charge of money?

A: The economies tend to work majorly upon the basis of the working of the markets. The markets help in…

Q: Is demand deposit and current deposit at bank same

A: The bank is the financial institution which deals primarily in the accepting and mobilizing the…

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: 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: Explain how productivity, demand, and availability/supply affect the values attached to money…

A: The measure that depicts relationship between quantity of goods or services that are being demanded…

Q: What are the advantages and disadvantages of governments issuing small denomination coins.

A: Government coins are coins that are produced and distributed by a national government or central…

Q: What does an increase in the money supply create?

A: The total amount of monetary assets circulating in an economy during a particular period of time is…

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: 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: 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: How do you think the banking sector has evolved overtime?

A: Banking, health, and education are the major sectors that can describe the situation of a nation.…

Q: graph the money market before and after the economic growth of the late 1800s- between 1870 and 1890…

A: Technological developments, increased efficiency, and shifting market conditions all translate to…

Q: While the government prints currency, the rest of our money is created by the banks. How do banks…

A: The mechanism of money creation is the flow of bank-to - bank reserves, with each bank using surplus…

Q: Write and explain the functions of money.

A: Money: It is anything which is widely accepted in exchange of goods or discharge of other kind of…

Q: Explain the main characteristics of money?

A: Money refers to a commodity that is accepted as a medium of exchange. Generally, it is in the form…

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

A: ANS The four primary functions of money are: Medium of exchange A standard of account Store of…

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: 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: 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: 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: 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: 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: How much money did the three Iceland banks borrow in a five-year

A: There are three banks barrow near about 120 billion dollars In recovery of iceland i, e mostly…

Q: What is money? Please list the functions of money and discuss the meaning of each of the functions.…

A: Money is defined as something which is sanctioned by law to be used as a medium of exchange in an…

Q: What is the two main money functions

A: Money is a value system that permits things to be exchanged in an economy. Using money, as opposed…

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: Discuss the kinds of money that were used at Japanese Occupation of the Philippines

A: Japanese Invasion Money (JIM):Japanese Invasion Money refers to the currency issued by the Japanese…

Q: Task 2: Create characteristics a poster to explain the main of money.

A: Note: The main characteristics of money are explained in the provided answerMoney is a crucial…

Q: ays.

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

Q: Function of money

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

Q: Discuss the various functions of money

A: Money is used as a medium of exchange.One can buy and sell goods due to money.Money makes the market…

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.