underwater city of Atlantis, clamshells are seen as a valid form of money. If a person from Atlantis were to magically appear in America and attempt to use their clamshells to a make a purchase, would they be able to? Why or why

Q: #28.The primary difference between commodity money and fiat money is that a fiat money is a medium…

A: Answer: Correct option: d (commodity money has intrinsic value but fiat money does not) Explanation:…

Q: 3. Describe the important role played by money as a medium ofeconomic exchange.

A: Money can be defined as an object which can be used for the exchange of goods and services. It…

Q: Let's say that you have put $1,000 in your savings account at a local financial institution, and an…

A: A financial foundation is an organization occupied with the matter of managing monetary and money…

Q: 1. Suppose a country A’s nominal GDP in 2019 is $15 trillion, and the consumer price index in 2019…

A:

Q: 1. The Central Bank of Indonesia sees the potential of the latest credit card technology to…

A: In economics, the demand for money is the aggregate quantity of cash that a population chooses to…

Q: Suppose that the central bank sells government bonds. Use a graph of the money market to show what…

A: If the central bank sells government bonds in exchange of money, that means the central bank is…

Q: What are the three functions that a commodity must fulfill to be useful as money?​13.​Why can’t food…

A: A barter system is a way of exchanging goods and services. This method has been in use for decades,…

Q: Why does money has intrinsic value? 2. Why does currecy has no intrinsic value?

A: Money is anything which is widely accepted by the genral public and also perform some functions…

Q: Many people collect baseball cards or comic books.  Certainly to some, these items have value.…

A: Money is something that is accepted in return for goods and services or to make payments. The…

Q: Using appropriate example, explain any FOUR (4) the function of money. Note: no need hand writing

A: Money overcomes the difficulties that the barter system has created.

Q: An item that is used as money, but which also has value from its use as something other than money…

A: A commodity has the intrinsic value that can be used as money  and also used as store of value over…

Q: 3. What are two things that meet the criteria of the functions of money, but may not necessarily be…

A: Money makes the exchange (or transactions) of goods and services accessible. Money can be used as…

Q: 1. Using a supply and demand diagram for each of the following scenarios, show how the market for…

A: a) Everyone starts investing in silver and gold will increase the money in the economy as people…

Q: 3. The kinds of money Personal possession of currency is prohibited in U.S. prisons, although, in…

A:

Q: Suppose that the central bank sells government bonds. Use a graph of the money market to show what…

A: Central bank sells government bonds, this is done when aim of Central Bank is to soak liquidity from…

Q: Suppose that the monetary policymaker to control the inflation level in the country decreased the…

A: Decrease in money supply shifts money supply curve to left, increasing interest rate and decreasing…

Q: 41: Suppose a bank acquires an extra $ 1 of stores and no important save extent exists. By what sum…

A: Money supply: Money supply is the total volume of money that has been in circulation in an economy…

Q: 6. Recall that money serves three functions in the economy. What are those functions? How does…

A: Money has three main factions, can be listed as follows.   Money is a medium of exchange. Money is…

Q: In determining monetary policy, what role do regional Federal Reserve Banks have? What do you…

A: The Federal Reserve is the national bank of the United States of America. A piece of its main goal…

Q: 2. What is normal goods? What is ordinary goods? Please indicate whether normal money must be…

A: A product or service that provides utility to a consumer is categorized as a good in economics.…

Q: Why is it better to think of capital as physical items rather than simply money?

A: Production of goods and services occurs on a daily basis in any economy. Physical capital, often…

Q: 1.Which of the following is not helpful in making something a good money?   Make it from…

A: From the question, the options we have area. Make it from  something everyone values, like gold.b.…

Q: 6. When Karen uses money to buy her breakfast, she is showing the use of money as a unit of account.…

A: In an economy, money is used for different purposes, which explains different functions of money at…

Q: 9. Assume GDP is currently $12,800 billion per year and the quantity of money is $512 billion. a.…

A: Velocity of money refers that it can measure of calculate the rate at which money is exchanged , it…

Q: 1. Discuss the Quantity Theory of Money. What are its assumptions and limitations?

A: According to Fisher if the other things are remained unchanged, the increase in the circulation of…

Q: The use of money as a unit of account:   a. relies on the existence of a double coincidence of…

A: Money is referred to as something which is generally accepted by people in exchange for goods and…

Q: 3. In the market system, how is the problem of "what to produce" solved? Directions are given by the…

A: Market system of the economy is a system in which the decision of basic three problems of an economy…

Q: 19. Monetary policy that reduces the money supply will cause the interest rate to and output to…

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

Q: 5) A remote island decides to create its own money using avocados. Considering the five useful…

A: Money is a centralized, widely used, and acknowledged form of exchange that makes it easier to…

Q: 2. What “backs" the money supply in the United States? What determines the value (domestic…

A: In macroeconomics, money is important as it is used to carry daily transactions and for making…

Q: Show that the study of Islamic macroeconomics intersects with the Islamic economic system!

A: 2. Islamic economics is the study and application of Shari'ah injunctions and norms. It avoid…

Q: Suppose a country has a money demand function (M/P)d kY, where k is a constant parameter. The…

A: The inflation rate is the percentage increase or decrease in prices during a specified period of…

Q: How will an expansionary monetary policy affect the GDP when the economy is at less than full…

A: Expansionary monetary policy will increase the overall money supply in the economy.