What happened during hyperinflations?

Q: O d. hyperinflation.

A: Overall price level is a macroeconomic concept. It is the index of prices of all goods and services…

Q: why can't food be used as a form of money?

A: Money is anything which is generally accepted by the people in the economy and used for the purchase…

Q: What are six qualities of the ideal money?

A: Money is basically the trustworthy item or a verified thing which is used for the exchange of goods…

Q: Is demand deposit and current deposit at bank same

A: The bank is the financial institution which deals primarily in the accepting and mobilizing the…

Q: How do banks create money?

A: Money and Banks are intertwined. Banks are one of the financial institutions of the nation. A major…

Q: Money is created when  A. a depositor deposits money at the bank. B. a bank grants a loan to a…

A: Money is something that is accepted as medium of exchange . It can be also be stored and act as…

Q: How do we measure the amount of money in an economy?

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

Q: what tools are used by the central bank in Jamaica to affect the money supply

A: In the case of Jamaica, the 2 main operational tools are OMOs and reserve requirements. The Bank of…

Q: money is a concept has a certain value at a point in time. true or false

A: Money is the concept that money you have in present is worth more than the identical sum in the…

Q: Explain the differences between commodity money and fiat money. What are the major disadvantages of…

A: Money is something that is commonly accepted by the economy as a medium of exchange. Thus, money is…

Q: What is commodity money?

A: Money is anything that can be used for exchange of goods and services in the market. The four main…

Q: How do you think the banking sector has evolved overtime?

A: Banking, health, and education are the major sectors that can describe the situation of a nation.…

Q: Write and explain the functions of money.

A: Money: It is anything which is widely accepted in exchange of goods or discharge of other kind of…

Q: Describe bank runs. Why did they happen and what happened as a result?

A: In the banking sector, different terms are used to depict specific conditions of the banks.

Q: How do banks create money?  Please explain

A: Under the fractional reserve banking system, the banking institutions keep aside a fraction of…

Q: Explain the main characteristics of money?

A: Money refers to a commodity that is accepted as a medium of exchange. Generally, it is in the form…

Q: What happens to the purchasing power of money when the price level increases?

A: Purchasing Power: Purchasing power indicates the financial ability to buy commodities.…

Q: What is the difference between printing money and creating money?

A: In an economy, the task of printing money is undertaken by the government. The central bank decides…

Q: How does changing the inflation rate affect the required quarterly savings plan?

A: The increase in the price level of goods and services is known as the situation of inflation. This…

Q: Who is responsible for creating money?

A: The onus for the creation of money in an economy is upon the banks. Banks are the real money…

Q: Money can be used to transfer purchasing power from the present to the future. Which specific…

A: Meaning of Money: The term money is all about the transaction (in terms of cash) or it can be…

Q: what is the contribution of money to our financial needs

A: Currently money is used all over the world. Money is important all around the world. Currency is…

Q: Fiat money is accepted as money becaus?

A: The term is gotten from the Latin word fiat, and that implies an assurance by power — for this…

Q: Explain the "STORE OF VALUE" function of money

A: In an economy money has to play various roles such as it acts as a medium of exchange also it acts…

Q: How does the existence of money simplify the process of buying and selling?

A: Money: It is a medium used for exchange.

Q: Views on electronic money, or e-money, and digital cash

A: Money is a medium of exchange and is accepted as payment of any product or service.

Q: Explain money, types and functions of money.

A: Human needs a variety of goods and services to sustain life but they have the skills to produce one…

Q: To become part of the work force in the future, how would the bank and its banking system will help…

A: The workforce can be understood as the group of people who are able and willing to work in an…

Q: Function of money

A: Meaning of Exchange Rate: The term exchange rate refers to the situation under which a particular…

Q: What is the difference between book money and paper money?

A: Barter system is a demonstration of exchanging labor and products between at least two gatherings…

Q: what is the role of money in the economy?

A: Money is a widely accepted mode of payment for goods and services or in the discharge of other…

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

A: * ANSWER :-

Q: is there any effects of digital money on money supply in the economy?

A: Digital money is a system used to pay or settle transactions through the Internet, and consists of a…

Q: Can you describe the functions of money?

A: Money is something which is socially appropriate as a medium of exchange and can be transformed into…

Q: Why do you think politicians pursue policies that lead to hyperinflation?

A: Hyperinflation is a phrase used to characterise an economy's rapid, out-of-control overall price…

Q: What does inflation do to the value of money? *

A: Definition of Inflation- Inflation is defined as the rise in the general price level in the…

Q: Why is simply counting currency an inadequate measureof money?

A: In the field of economics, money is defined as an economic unit that works as a generally recognized…

Q: money supply,

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

Q: Which of the following is a primary function of money? * a. to reduce the burden of excessive…

A: There are three primary function of money:- 1) It act as a medium of exchange. 2) It is a common…

Q: Hyperinflation is characterized by lower costs for goods, such as food.

A: ‘Inflation’ refers to an increase(↑) in the ‘general price level’. It occurs when ‘money supply’ is…

Q: What are the defects of Indian money market?

A: The money market is a group of institutions, traditions, and conventions created to facilitate…

Q: What is hyperinflation? Discuss the causes of hyperinflation?

A: Hyperinflation is a situation in the economy in which the inflation rate is extremely high.

Q: Fiat Money or Commodity Money, which is more prone to inflation?

A: The tendency of price rising up in an economy, making the the purchasing power of money lower over…