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- Money is considered to be commodity or unit of exchange? What arethe important functions of money explain briefly? How to relate it with yourPakistani society?The largest element of the Canadian money supply today is Select one: O A. coins. O B. the debt of the federal government. O C. paper money. O D. bank deposits. O E. gold.How is the value of money originally determined? a. By a discount cash flow analysis of the commodity in question b. By whichever asset is decreed by a government as the money of the land c. By using game theory, where market participants appraise how other participants value it d. By its use in the production of other goods, such as when it is used in the production of high-value goods
- As per ……theory of money, money’s value is linked to its scarcity.Select one:a. Chartalist b. Jewsc. Conventionald. Islamice. OrthodoxThe difference between M1 and M2 is given bywhich of the following?a. M1 includes currency, coins, gold, and silver,whereas M2 does not contain gold and silver.b. M1 is made up of currency and checkabledeposits, whereas M2 contains M1 plus savingsdeposits and small time deposits.c. M1 is limited to checkable deposits, whereasM2 contains currency.d. M1 includes only currency, whereas M2contains M1 plus checkable deposits.Why were people in the United States in the nineteenthcentury sometimes willing to be paid by check ratherthan with gold, even though they knew there was a possibility that the check might bounce?
- The original purpose of the Federal Reserve was to control the money supply. O act as a lender of last resort. O collect the taxes. O sell lottery tickets. 2.5Let's pretend that our current system of money was strictly Base Ten, so that the only currency that we used were pennies, dimes, one dollar bills, ten dollar bills, hundred dollar bills, thousand dollar bills and so on. Instead of drawing pictures of the money, these abbreviations for each kind of coin or bill will be used: penny (A), dime (B), one dollar bill (C), ten dollar bill (D), hundred dollar bill (E), thousand dollar bill (F), and so on.Form each sum by combining the two addends into one lump. Make exchanges as necessary so that the sum is represented by the least number of coins or bills. Write your answer for each in alphabetical order with no spaces or commas. AABCCDD + AAABBBBBBBBBC = ACCCCCCEEE + AAAABBCCCCCCCCC = AAAAAAEEEEEE + AAAAEEEEEEEE =II. Concentrate on any valid definition of money to answer the following scenarios logically; a. If you have 20 notes of prize bonds, each has the worth of Rs. 1500/- , can we term these prize bonds as money? If YES then how, and if NO then why? If you regularly purchase Pepsi for that you pay Rs. 100 per bottle. After taking the drink out of that, if you have 50 empty bottles at your home now, can we term these bottles as money as because you have spent money for these too? If yes then how and if no then why? c. If you have the currency note of Rs. 5 in your pocket which was used in the past. Can we say that this is money today too? If yes then how and if no then why?
- 1. Let's pretend that our current system of money was strictly Base Ten, so that the only currency that we used were pennies, dimes, one dollar bills, ten dollar bills, hundred dollar bills, thousand dollar bills and so on. Instead of drawing pictures of the money, these abbreviations for each kind of coin or bill will be used: penny (A), dime (B), one dollar bill (C), ten dollar bill (D), hundred dollar bill (E), thousand dollar bill (F), and so on. Since you are entering the teaching profession, you probably won't need to handle anything higher than a thousand dollar bill, but who knows what the future holds? Write down the exchange that could be made for each of the following:a. AAAAAAAAAA = b. CCCCCCCCCC = c. EEEEEEEEEE = d. AAAAAAAAAA = e. CCCCCCCCCC = f. DDDDDDDDDD = a. AAABBCDD + AABBBBBBBBCC = b. ACCCCCCCEE + AAAABBCCCCCCCC = c. AAAAAAAAAEEE + AAAAAAAAEEEEEEE = 2. Let's pretend that our current system of money was strictly Base Ten, so that the only currency that we…1.Explain the different forms of money in today's worlda. commodityb. near moneyc. fiat moneyd. token moneye. broad moneyf.money substitutesg.m1, m2, m3 and m4Q.21. What is the difference between Commodity v/s Fiat Money? explain elaborately?
