MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 14, Problem 4SQ
To determine
The representation of the money.
Expert Solution & Answer
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Students have asked these similar questions
Match each scenario to the function of money that it refers to.
A. Angel a buyer for GoCamping store, reviews a price list of various camping supplies before placing an order
B. Tonya plans to use money accummulated in his bank account over several years to put a down payment on a house
C. Ariel sold 150 cases of wine last week to a local bar
1. Unit of account
2. Medium of exchange
3. Store of value
In our daily life we use credit cards and debits cards for payments. Are credits cards considered money, yes or no? How about debit cards? Please provide the reasoning.
money is a concept has a certain value at a point in time.
true or false
Chapter 14 Solutions
MACROECONOMICS FOR TODAY
Ch. 14.1 - Prob. 1GECh. 14.1 - Prob. 2GECh. 14.4 - Prob. 1YTECh. 14.5 - Prob. 1YTECh. 14 - Prob. 1SQPCh. 14 - Prob. 2SQPCh. 14 - Prob. 3SQPCh. 14 - Prob. 4SQPCh. 14 - Prob. 5SQPCh. 14 - Prob. 6SQP
Ch. 14 - Prob. 7SQPCh. 14 - Prob. 8SQPCh. 14 - Prob. 9SQPCh. 14 - Prob. 10SQPCh. 14 - Prob. 1SQCh. 14 - Prob. 2SQCh. 14 - Prob. 3SQCh. 14 - Prob. 4SQCh. 14 - Prob. 5SQCh. 14 - Prob. 6SQCh. 14 - Prob. 7SQCh. 14 - Prob. 8SQCh. 14 - Prob. 9SQCh. 14 - Prob. 10SQCh. 14 - Prob. 11SQCh. 14 - Prob. 12SQCh. 14 - Prob. 13SQCh. 14 - Prob. 14SQCh. 14 - Prob. 15SQCh. 14 - Prob. 16SQCh. 14 - Prob. 17SQCh. 14 - Prob. 18SQCh. 14 - Prob. 19SQCh. 14 - Prob. 20SQ
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- An advantage that money has over other assets is that it: Answer a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value overtime d. Has lower transaction costs to use as a means of payment than other assetsarrow_forwardWhich of the criteria for being used as money in a modern society does each of the following not meet? The criteria are (a) not rare, (b) indivisible into smaller units, (c) not durable, (d) doesn’t maintain its value over time, (e) not portable, (f) not expandable, (g) too easy to counterfeit. Items that could not be used for money. Example. Ice Cube. Why not? (c) not durable Bowling Ball. Why not? Rare gems. Why not? Whiskey. Why not? Sand. Why not? Cigarette. Why not?arrow_forward1. find and cite two recent articles in a magazine or newspaper or on a website about bitcoin and in your own words post two thoughts about what you learned and understood about bitcoin from those articles 2. Do you think bitcoin is money? If yes, why? If not, why not? Think about what makes anything money 3. respond to at least one of your colleagues' posts in a thoughtful, productive way 4. refer to the rubric posted below to understand how the posts are gradedarrow_forward
- Explain each of the following types of deposit accounts: a.demand deposit b.certificate of deposit c.money market demand accountarrow_forwardAn advantage that money has over other assets is that it: a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value over time d. Has lower transaction costs to use as a means of payment than other assetsarrow_forwardWhich of the following is money? A. A check is money because while it is in circulation the quantity of money increases by the amount of the check. B. Deposits are money, checks are not money, and credit cards are not money. C. A credit card is money because it allows you to take a loan at the instant you buy something. D. Currency is money and credit cards are money because they are means of payment, but deposits are not money.arrow_forward
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