How do the three (3) functions of money make it as an important financial tool in the economy?

Q: bank is generally valued at face amount b.Cash in foreign currency is valued at Philippine peso…

A: A bank statement refers to the statement which reflects the transactions that are not being…

Q: What are the factors that may influence the use of money vs credit cards?

A: There are several factors that influence someone's decision to buy goods or services through money…

Q: Which of the following are the instruments of money market? Select one a Certificate of deposits…

A: Money market fundamentally alludes to a part of the monetary market where monetary instruments with…

Q: Which is false concerning measurement of cash and cash equivalents?    a. Cash is measured at face…

A: Cash and cash equivalent are important source of current assets banks have.

Q: It is an average interest rate that banks offer in the financial market: a. effective rate b.…

A: Effective Rate: It is the interest rate on a loan provided or financial security restated from the…

Q: What is a function of a central bank? A collecting taxes B issuing currency C providing bank…

A: Central banks are important in the economic development of nations and maintaining liquidity and…

Q: 71. Which of the following is the usual activity classification of cash advances and loans made by…

A: Operating activities is the function directly retated to company's core business activities. Like…

Q: efly explain how banks can optimize their position through managing their use of currencies?

A: Step 1   Significant restructuring of the treasury structure and the way companies interact with…

Q: - (About the ease of moving money) Give four examples of how we might use ACH transactions. Besides…

A: Hi, since you have asked multiple question, I will answer the first one. Please re-post the second…

Q: Which of the following is NOT a benefit of investing in ADRs? The dividends are received in U.S.…

A: answer.  American depositary receipt  is a certificate issued by a U.S. bank. ADRs is denominated in…

Q: Which of the following is a matured money market instrument widely used in the USA, Europe and Asia…

A: Money market instruments are commonly used every where due to high liquidity and safe return.

Q: Which of the following is part of the payments system of the economy? A. currency B. demand deposits…

A: A payment system is any mechanism that settles banking transactions by transferring monetary value.…

Q: Explain the application of The accounting unit concept The going concern concept The periodicity…

A: Accounting concepts are also referred to as principles, axioms, postulates, assumptions, and rules.…

Q: ( ) is responsible for conducting monetary policy by influencing money supply and interest rates. a.…

A: Option C. A Central Bank   Central Bank is responsible for influencing the monetary policy of the…

Q: The actors of the monetary policy process includes the central bank, commercial banks, depositors,…

A: Monetary Policy: Monetary policy refers to the process of controlling the amount of money that is…

Q: What is the official monetary target of the Bank of Canada?

A: A country's monetary policy is a qualitative and quantitative approach adopted by the country's…

Q: Why are credits and debits different for banks compared for personal finance usage?

A: In personal account, all expenses, assets, and losses will be debited. All incomes, liabilities, and…

Q: Discuss how does e-money helps in achieving financial inclusion of the BSP?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following is considered as cash equivalents? Bank overdraft Trade AR Money orders All…

A: Cash and cash equivalents are those short term assets which can be converted into cash in short…

Q: Treasury in banking is not just limited to holding and storing of cash rather its purview expands…

A: Many firms require financial services that assist with assets and holdings. Treasury management…

Q: How does the deposit insurance help the depositors? What are the pitfalls of the scheme? Can it help…

A: Deposit Insurance is a type of insurance in which the deposit holders are protected from losses if a…

Q: Which of the following statements is correct?   A. Bitcoins are mainly used as financial…

A: Bitcoin is referred to as the decentralized digital currency, which is without any central bank or…

Q: FINANCE> CAPITAL MARKETS 1. What are the 2 classification of monetary standards and explain each.…

A: Since more than one question is posted at a time, the answer for first question is only provided at…

Q: the importance and function of money.

A: Today, money has become the most important of our lives. We cannot imagine a day without money ,…

Q: Which of the following are the instruments of money market? Select one: a. All of the above b. None…

A: Following are the instruments of money market

Q: What are the different types of deposit accounts and loans offered to customers by any one…

A: SOLUTION PRIMARILY , BANKS OFFERS TWO TYPES OF DEPOSIT ACCOUNTS .THESE ARE DEMAND DEPOSIT LIKE…

Q: 1) Explain the meaning of Restricted Cash, and provide an example. 2) Describe what challenges are…

A: Cash is the liquid asset for running the day to day activities. Cash is generated through profits,…

Q: Which of the following is an example an investing activity? * O Obtaining a bank loan O Paying taxes…

A: The cash flow statement is the financial statement that is created after the statement of income and…

Q: Which one of the following items would not be considered cash? Coins Money orders Currency All of…

A: Cash generally includes currency, money orders, checks,coins  and cash equivalents. All have…

Q: 1. What do you think are conditions that must be met if the banker is to honor the customer's…

A: Banks accepts deposits from the customer, so they become liable to repay the amount to the customer…