Two essential elements of any monetary system are the establishment of i. an accepted means of payment. ii. a stable commodity to back the means of payment. iii. a unit of account. ○ a. both ii and iii O b. both i and ii O c. both i and iii
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- First, explain the concepts of income, wealth, credit and money and show how each is related to the other and explain the concept of the monetary base and indicate its economic significance.Fiat money is Select one: a.money backed by gold or some other precious metal. b.commodity money like salt. c.valuable only because some authority decrees it to be. d.the name given to Italian lira when it is falling in value. One of the impacts of inflation is Select one: a.the real value of money falls. b.wealth is transferred from borrowers to savers. c.an increase in speculative holdings of cash. d.higher real interest rates.Explain to Wanda how the monetary system works. In particular, describe the various financial institutions’options she has for raising capital for he business. Be certain to explain the advantages and potential disadvantages of each funding method. How could Wanda approach seeking funding for expansion?
- The nominal GDP in the base year was 1000 (billion). After 5 years, the GDP deflator grew 2 times. At the same time, the real GDP increased by 9%. a) Find the GDP in the current year in current prices, and b) determine the amount of money supply necessary for the GDP functioning, if the money circulates 4 times per period?In the country of Orcam, the velocity of money is constant. Real GDP grows by 2 percent per year, the money stock grows by 10 percent per year, and the nominal interest rate is 15 percent. Calculate the growth rate of nominal GDP.New concepts like stablecoins, central-bank digital currencies, NFTs, really calls into question the future of money and investing. How are these things going to develop? Will they coexist in the marketplace at some point in time? And what roles will they play in the commercial marketplace? And whether these developments in the marketplace will address the challenges of inclusiveness in a country like India. Explain its impact on money supply.
- Money plays a unique role in the financial system as the item used to buy goods and services. Money refers to as anything that is generally accepted in payment for goods or services or in the repayment of debts. How does commodity money differ from fiat money? Discuss with an example of each.The ________ demand for money arises out of the need to hold money as a medium of exchange.This demand for money is a function of ________. (4 marks)A Precautionary; interest ratesB Transactions; national incomeC Speculative; interest ratesD Precautionary; national incomeThe data below are from the economies of Ishgandar and Nonburmia. Ishgandar Nonburmia Year Population GDPGDP Deflator Nominal GDPGDP Year Population GDPGDP Deflator Nominal GDPGDP 1 5 100 $200 1 10 100 $300 2 5 125 $375 2 10 110 $440 (b) If Ishgandar and Nonburmia have the same velocity of money in Year 22, which economy must have the higher money supply in Year 22 ? Explain.
- Which of the following is a primary function of money? *a. to reduce the burden of excessive importsb. to serve as a unit of accountc. to serve as an encouragement to workd. to raise funds for the governmentWhich of the following would indicate that the dollar amount being analyzed is money? a. M1 money stock of $1.4 trillion at the end of 2010 b. The first quarter of 2002 c. Microsoft profits of $500 billion in 2010 d. Nominal GDP in 2010 of $14.7 trillionJapan's central bank, the Bank of Japan, has an inflation target of -0.25% per year (or rather "Deflation Target"). According to the Quantity Theory of Money, by how much must the Bank of Japan grow the money stock in order to hit its inflation target? A) The Bank of Japan must increase the money stock by 0.25% per year. B) The Bank of Japan must decrease the money stock by 0.25% per year. C) The Bank of Japan must increase the money stock by 0.25% per month. D) The Bank of Japan must decrease the money stock by 0.25% per month.