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A: Gresham's law of economics states that if coins containing metal of different value have the same…
Q: Trading has little to do with the economy. True or false
A: Condition of an economy depends on various factors. One of the important factors is Trading. Trading…
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A: The value of the goods and services produced in an economy is measured by the GDP. The value…
Q: Who issues currency in India?
A: Central Bank of a country act as a monopoly in issuing currency of a country.
Q: You can walk into any department store and compare prices on jeans. Which of the following functions…
A: Money as a unit of account, or measure of value refers to that function of money that helps us to…
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A: Small business operators frequently use bank loans as a source of capital. Banks, on the other hand,…
Q: Quality improvements decrease the value of the currency and are reflected in the O True O False
A: CPI measures the value of market basket of goods and services bought by a consumer in a given period…
Q: why efficient payments important to the economy?
A: Payment systems are very essential for the normal functioning of day to day life and for the smooth…
Q: What is a single currency?
A: Currency is a kind of payment used to buy and sell goods and services. In a nutshell, it's money…
Q: why the other countries cannot use the same primary monetary tool as the US?
A: Monetary policy- Monetary policy is the tool that is used by the Central Bank to control inflation…
Q: What might happen if people lose trust in their country’s currency?
A: M0 is the reserve money which is also known as high-powered money. M1 money supply includes money…
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A: EFTA(European Free Trade Association) is a free trade area. In free trade area (first level of…
Q: State reasons why countries renominate their currency
A: The process of voluntarily adjusting the face value of circulating currency is known as…
Q: Pretend that a country is on the gold standard and an evil villain succeeds in destroying a…
A: The gold standard is a different form of monetary system in which the currencies as well as the…
Q: why it is more efficient to compare the value of commodities in monetary terms?
A: When there was no money, the commodities were traded under the barter system i.e. the commodity was…
Q: One reason that the quantity of money demanded will increase as the value of a currency decreases is…
A: Import Effect is defined as expensive imports when the domestic currency weakens.
Q: How much is rand compared to dollar
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A: A government has the ability to make changes in the value of its currency in the foreign exchange…
Q: Money is commonly defined as A generally accepted medium of exchange. A U.S. dollar. Paper currency…
A: Money: - money is an object that measures the value of goods and services in an economy and also…
Q: What will happen if the people expect that the value of a currency will increase? a. There will be…
A: The value of a currency is its market value based on its demand and supply in the international…
Q: What would be the challenges and issues of using Gold as a currency for a country
A: Currency or money has three functions: 1. Store of value - Money serves as a store of value since…
Q: Barter economy O generates lower storage costs compared to the monetary economy makes price…
A: Barter economy refers to the economy where goods are exchanged for goods . This economy is also…
Q: An appreciated currency can buy foreign currency
A: Currency appreciation means rise in the value the country's currency with respect to another…
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A: An increase in the value of a currency due to the free play of the market forces of demand and…
Q: If state Bank start printing large amounts of Pakistani rupees what would happen to the number of…
A: Money: It is the cash which is with the people, and with the help of the cash, people will do…
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A: The exchange rate refers to the value of domestic currency in terms of foreign currency. It is the…
Q: Answer with either True or False and then provide at most three sentences, which includes an…
A: Value of the currencies wit another foreign currency is measured by exchange rate . It is the rate…
Q: A country that allows demand and supply to determine the value of its currency is said to have a…
A: Exchange rate determines the price of the currency of a domestic country when it is exchanged with…
Q: An American traveling to Europe will find it easier to make purchases now because: Answer a. Most…
A: Exchange rate determines the price of the currency of a domestic country when it is exchanged with…
Q: If a country's currency is depreciating, will money supply grow SLOWER or FASTER than economic…
A: Currency depreciation in the floating exchange rate, shows a decrease in the value of currency.…
Q: In recent years, China has helped make its currency ____ by ____ U.S. dollars. stronger; buying…
A: The answer is - (a) stronger; buying In recent years, China has helped make its currency…
Q: J is a foreigner. He is in great need for a car. He saw the ad of P for a Honda Civic. J went to the…
A: A means of exchange for goods and services is currency. In a nutshell, it's money, typically in the…
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A: International monetary fund is a financial institution and it has around 190 members. Its major…
Q: Fiat money is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to…
A: Money refers to the a unit or standard that is used to make exchange of goods, assets, or services…
Q: Match each currency with the country or countries that use it. Drag each item on the left to its…
A: Currency Country name YEN JAPAN POUND UNITED KINGDOM YUAN CHINA
Q: How a weak currency positively affect the economy?
A: Currency refers to a medium of exchange for goods and services. It is basically money that can be…
Q: Many governments such as India and South Korean impose currency restrictions to achieve several…
A: In the foreign exchange market, a convertible (hard) currency is traded whose price is determined by…
Q: A famous American has been visiting the same tropical island for 15 years for vacations. When she…
A: No one is paying for her vacation. Neither her nor the bank is paying any money for the services she…
Q: Does the purchasing power of the dollar change over time due to inflation?
A: Purchasing power (PP) of a dollar is the real amount of goods & services that could be brought…
Q: Is a Stronger Dollar Good for the U.S. Economy?
A: The exchange rate is the price of one country's currency expressed in terms of some other currency.…
Q: How does inflation affect the value of a currency? a. It has no effect on its value b. It increases…
A: Inflation is inversely related to the value of money. If inflation rises, then the value of money…
Q: Which nations have a nonconvertible currency?
A: Non-convertible currency: A non-convertible cash is one that is utilized principally for homegrown…
Q: What will happen if the people expects that the value of a currency will increase? a. There will be…
A: Increase in the value of currency means the rate of exchange of the currency is less. For example:…
Q: Do you believe that China is guilty of unfair trading practices including currency manipulation?
A: Currency manipulation: It refers to the lower the value of currency so that the cost of the export…
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- How much damage can Saudi Arabia do to the United States economy if they started selling their Oil using another type of currency rather than the US dollar?Most payments in the United States for goods and services are made using A. currency. B. gold. C. checking account deposits. D. bitcoins.What might happen if people lose trust in their country’s currency?