When the price of slaves was quoted in cows and brass rods in Nigeria, which function of the money were the cows and rods performing?

Q: In the mid 1800's, grain sellers in Chicago would deliver their grain to warehouses and receive a…

A: The currency that has been established as money, has no use or intrinsic value and is made legal…

Q: When the money supply increases     interest rates fall and so AD shifts right…

A: The money supply in the economy can be increased by using expansionary monetary policy. Expansionary…

Q: All things been equal,how can increase in interest rate affect the demand for money? (a). Demand…

A: Demand for money represents the desire of people to hold financial assets in the form of cash and…

Q: 2.4 Use the money demand and money supply model to show graphically and briefly explain the effect…

A: Money demand is the total amount of money that an economy wants to hold. Money supply is the total…

Q: Briefly explain the Quantity theory of Money (QTM)? And mentioned the practical implication of…

A: QTM is expressed using following relationship: M x V = P x Y  where M: Money supply,  V: Velocity of…

Q: Why do people hold money?  How will an increase in the interest rate influence the amount of money…

A: Money is considered as the medium of exchange for goods and services. The important reasons for…

Q: =) Briefly explain the quantity theory of money and how it is related to inflation.

A: Answer in step 2

Q: When can we be certain that the quantity of money demanded will decrease? When nominal GDP increases…

A: When the rate of interest increases, then people will demand a lower amount of money and they will…

Q: Explain how the GDP and the interest rate are related to the transactions and asset demands for…

A: Demand for money: It means the total amount of money that is wanted to be held by the population of…

Q: If money supply and money demand both increased, what would be the effect on interest rates and…

A: The intersection point of demand and supply curve determines the interest rates and investment. When…

Q: COVID-19 has resulted in many persons being unable to work and has led to a decrease in economic…

A: A business cycle represents the upward and downward movement of economic activity across the long…

Q: Briefly explain different stages in the development of money?

A: Different stages of development of money are: Commodity money: In the earliest of times, there was…

Q: Why would a booming economy affect the demand for money?

A: In a booming economy, it means the GDP, a low level of unemployment(U), and high inflationary gap-…

Q: Briefly explain the Quantity Theory of Money? And mentioned the practical implication of Quantity…

A: Money is something that is utilized as a means of trade and that has the state's legitimate…

Q: Frank Baum wrote the Wizard of Oz in favor of O eliminating gold as a commodity that backed money to…

A: The Wizard of Oz includes interpretations of L. Frank Baum's contemporary fairy tale (originally…

Q: what is the similarities and differences between money and currency

A: Money is anything that people use to buy goods and services. Currency is a physical form of money…

Q: Let’s assume that the nominal Gross Domestic Product, GDP, of a hypothetical country is $36,000 and…

A: Money velocity is a measure of the pace at which money is exchanged in a given economy. The velocity…

Q: If the central banks buys government bonds from the financial system, how does that affect the…

A: The monetary policy is the policy of the central bank regarding the money supply and interest rate…

Q: If nominal GDP in an economy is $1500 and the money supply is $500, what is the velocity of money?…

A: the velocity of money, V = P*Y / M

Q: What goods and services are currently priced in Bitcoin?  Give specific examples of goods and…

A: First part People are buying pornography, patio furniture, and a home coronavirus test with…

Q: In the country of Winterfell, the velocity of money is constant. GDP growth is 4% per year, the…

A: Real interest rate refers to the nominal interest adjusted for inflation.

Q: According to the Quantity Theory of Money, if the velocity of money is constant, and if the money…

A: ‘Nominal GDP’ is the monetary value to total goods & services produced in a year in a country,…

Q: The monetary authorities in a country can choose to control either the interest rate or the money…

A: The money supply is determined on the basis of transaction demand for money. It means as transaction…

Q: explain about the money creation and digital money

A: Money creation and digital money.

Q: In the country of Winterfell, the velocity of money is constant. GDP growth is 4% per year, the…

A:

Q: Explain what determines the demand for money.

A: The key determinants of the demand (DD) for money are income and the interest rate. The Demand (DD)…

Q: What is the difference in goals or endpoints between the circulation of commodities and the…

A: In a market, capital is the term that is used to define the assets requited for making operating…

Q: Why is it said that money is as money does? Does the Pakistani rupee perform all functions of money?…

A: The following problem has been answered as follows:

Q: Besides geometric series, in what other ways can the money supply be automatically increased or…

A: Money supply refers to the amount of money flowing in the economy.

Q: why are interest rate not affected by permanent changes in money supply in the long run

A: The rate of return is a proportion of the principal—the amount borrowed—that a lender charges a…

Q: The following graph represents the money market in a hypothetical economy. As in the United States,…

A: The measure that depicts currency and other instruments that are liquid in nature in the economy of…

Q: Explain, with the aid of a graph, the effect of an interest rate decrease on the money market…

A: Depending on interest rates, the quantity of money people keep on hand to pay for transactions and…

Q: (Market Interest Rate) With a diagram, show how the supply of money and the demand for money…

A: The way in which the supply and the demand for money determine the rate of interest, and the shapes…

Q: What is money? What are the functions of money? What items may serve as money?

A: "Since you have asked the question with multiple subparts, we will solve the first three subparts…

Q: Graph of quantity of theory of money by Irving fisher

A: The quantity theory of money by Irving Fisher explains the relationship between quantity of money…

Q: Explain the concept of a surplus of money versus a shortage of money.

A: Money is a commodity that is used for transaction that involves the transfer of goods and services.…

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: hy decreasing money supply will lead with the real interest rate equal with inflation rate

A: Inflation occurs when prices increases, reducing the purchasing power of dollar. Inflation is…

Q: What are demand deposits and why should they be included in the stock of money? (Word count: 100…

A: Any item that is accepted as payment for the goods and services provided by an economy is referred…

Q: What effect would the discovery of gold that fuels inflation have on the money market? Illustrate…

A: In the mentioned question we are asked about the effects of the discovery of gold on fuels inflation…

Q: What is commodity money? Is the money in the United States commodity money?

A: commodity money comprises of articles having worth or use in themselves as well as their worth in…