EBK MACROECONOMICS FOR TODAY
9th Edition
ISBN: 8220101425966
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 14, Problem 7SQ
To determine
The given option that is not a characteristic of money.
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Students have asked these similar questions
Which 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?
Sustaining members of public radio stations, such as WRKF in Baton Rouge and WWNO in New Orleans, make fixed monthly
monetary donations to support the programming on those stations. These charitable donations are an example of which of the
following functions of money?
Select one:
A. Unit of account.
B. Standard of value.
C. Medium of exchange.
D. Means of unilateral payment.
E. Standard of deferred payment.
How does the existence of money simplify the process of buying and selling?
Chapter 14 Solutions
EBK MACROECONOMICS FOR TODAY
Ch. 14.1 - Prob. 1GECh. 14.1 - Prob. 2GECh. 14.5 - Prob. 1YTECh. 14 - Prob. 1SQPCh. 14 - Prob. 2SQPCh. 14 - Prob. 3SQPCh. 14 - Prob. 4SQPCh. 14 - Prob. 5SQPCh. 14 - Prob. 6SQPCh. 14 - Prob. 7SQP
Ch. 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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Similar questions
- a) Describe our society at present if it doesn’t use money. b) How the transactions would be if money was not discovered.arrow_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_forwardWrite a post that explains why money is not the universal measure of all value.arrow_forward
- Which of the following is a reason that we do not hold all of our money in cash? Select one: a. To increase transaction costs b. To protect our ability to purchase goods spontaniously. C. To earn interest, d. To reduce transaction costs.arrow_forwardState the role of money in the economyarrow_forwardExplain the role of money in societyarrow_forward
- If Tiffany redeemed a bond that earned 5% interest over the past 10 years, which function of money was BEST represented in this scenario? A. medium of exchange B. store of value C. standard of value D. unit of accountarrow_forwardA main difference between using cigarettes and using dollars as money is that have intrinsic value.arrow_forwardMatch 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 valuearrow_forward
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