Throughout history, all sorts of interesting things have been used as money, including fresh fish and cattle. Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ineffective?

Q: Which of the following statements about money that is​ correct?   A. Credit cards and debit cards…

A: Money can be anything that can be used as a medium of exchange and that must be generally accepted.

Q: The .......... demand for money arises out of the need to hold money as a medium of exchange . This…

A: Money is a commodity that serves as a medium of trade and a store of value, according to economic…

Q: Which of the following statements represent a use of money that is not consistent with its…

A: Money is a commodity that is commonly acknowledged as a medium of exchange for goods and services.…

Q: Gilberto wants to purchase a new computer and go to the Caribbean for spring break. The computer is…

A: Money is a medium of exchange which can be used for making payments for goods and services.

Q: Name any item that is a store of value, but does not serve the other functions of money. Explain…

A: "The three main functions of money are a medium of exchange, store of value, and a unit of account."

Q: The money demand curve is Select one from the following options. downward-sloping because the…

A: The money demand curve shows the relationship between money demanded and the different levels of…

Q: One of the principle functions of money is that it serves as a “store of value." This role could be…

A: Money is anything that can be used as a medium of exchange. It is accepted by people and can be used…

Q: Fiat money is any money that   Group of answer choices a. Earns interest when deposits in banks.…

A: Most modern currencies are called fiat currencies, including the euro, the U.S. dollar, and other…

Q: As a lender/depositor, how would you compare time to demand deposits?     Demand deposits are more…

A: Meaning of Demand Deposit: The term demand deposits refer to the situation under which an…

Q: Complete the following table:

A: Demand and Supply is defined as the relationship between the quantity of a good or service which a…

Q: Which statement is not true?   Commodity money cannot be fiat money and vice-versa.   Commodity…

A: Money is something which is widely accepted by general public. It performs the various function such…

Q: Why is it necessary for money to possess the necessary attributes that qualify it as “good money”?

A: In an economy, when people wants to exchange commodities or services with each other, they need a…

Q: If banks start paying higher interest rates on checking accounts, we would expect, assuming…

A: Since according to your question so next best option is given below

Q: Buying a cup of coffee with a dollar bill represents the use of money as a

A: (Q) Buying a cup of coffee with a dollar bill represents the use of money as a (Q) Buying a cup of…

Q: Trace the development of money (a) barter (b) commodity and (c) fiat money, explain the role of…

A: In a transactional economy, money is an economic unit that acts as a commonly acknowledged method of…

Q: Why is money necessary in an economy? What are its functions and how is it created?

A: Money is the source which helps in buying goods and services. It works as a medium of exchange which…

Q: P’Dim and P’Green discusses the use of cowrie shells as money. Although cowrie shells are no longer…

A: Money refers to any tangible item with an intrinsic value of its own and/or that has been declared…

Q: M1 and M2 are two definitions of money supply. Determine if the items listed are included in the…

A: Money supply refers to the total amount of monetary assets circulating in an economy during a…

Q: (a) Carefully explain and illustrate uusing a agraph the effect of this decrease in economic…

A: Economic activities are decreased during the covid-19 for the protection of the people in terms of…

Q: Discus any 3 types of motives for holding money

A: Money demand manifests the amount of currency units that domestic residents hold for meeting their…

Q: What is money? Please list the functions of money and discuss the meaning of each of the functions.…

A: Money is defined as something which is sanctioned by law to be used as a medium of exchange in an…

Q: Link each of the below concepts in the table with its explanation 1- Demand deposits a. is an…

A: Concepts and explanation

Q: The immediate impact of an increase in preference for checkable deposits is: a)Increase in the…

A: Bank creates money by providing loan to the people, business and so on. The capacity of money…

Q: If a society chooses fiat money as its money form, it __________. Group of answer choices A. will…

A: Fiat money is the money which is issued by the order of the government . Like Currency and coins .

Q: An increase in the money supply creates A. An excess supply of money that is eliminated by rising…

A: Money supply: It is the total stock of money in circulation at a point in time and the money supply…

Q: Which of the following is NOT a tool of monetary policy? Select one: a. Discount rate b. Reserve…

A: Monetary policy is used to change the money supply in the economy.

Q: Which of the following is not considered a primary function of money? Medium of Exchange Measure of…

A: Money is defined as an economic unit which is recognized as a medium of exchange for purchasing…

Q: When the supply for money increases and the demand for money reduces, there will be    a. A fall…

A: Supply of money is the amount of money currently available with people. It is determined by the…

Q: Discuss the main functions of money

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: he quantity of notes and coin in the economy is called inside money but the bulk of the money supply…

A: Inside money refers to money issued by the private sector in the form of debts. It is the liability…

Q: briefly explain the three specific funtions of money that economists identified

A: Main three primary function of money are - 1) medium of exchange - this is the most important…

Q: Economists have documented Pacific island economies in which large rocks and boulders were used as…

A: Money has certain characteristics. Money should be easy to carry at any places; it should be…

Q: Does a decrease in economic activity affect the money supply curve? If so how?

A: The economic activities of the economy are the main source of spending in the economy and this helps…

Q: According to the principle of monetary neutrality, which variables are affected by changes in the…

A: Nominal variables refer to variables that are measured in monetary units, whereas, real variables…

Q: In the figure above, the movement from point A to point B in the money market would be caused by

A: The vertical line shows the money supply curve. It changes when the central conduct contractionary…

Q: Complete of the following sentences (fill in the blanks): A product that serves both as money and…

A: Money refers to the medium of exchange. Money is accepted as payments for goods and services in an…

Q: Complete each of the following sentences: a product that serves both as money and as a commodity is

A: Money has a major component in the living things of most people. The more money a person makes, the…

Q: An increase in money supply will

A: The amount of money which is in the circulation in any economy, is called the money supply. Change…

Q: Fiat money is _________.    a. comprised only of demand deposits. b. money because the government…

A: In economics, there are different type sof money used over a period of time, fiat money is…

Q: One limitation of using money as a store of value is that: a) money needs to be divisible and…

A: Money is considered to be a generally accepted payment for goods and services as well as in the…

Q: Money is not a good store of value when the average price is falling. True or False

A: The store of value function of money enables people to transfer purchasing from the present to the…

Q: The demand curve for money is downward sloping because what?

A: The demand for money arises as people decide to hold their money in the form of cash or bank…