Which of the following is effective? A) Checks issued in foreign currency B) Foreign currencies in the form of banknotes C) Foreign currency accounts in banks D) Bonds issued in foreign currency E) Currencies
Q: Money supply can be ________ by the central bank ___________ government securties a)reduced,…
A: In an economy, changes in money supply can be made by the central bank through open market…
Q: Which statement best describes the legal status of the Australian dollar? Select one: A. The…
A: Legal Tender:- Anything legally recognised as a way of settling a public or private debt or meeting…
Q: Liquidity refers to a. the ease with which an asset is converted to the medium of exchange b. a…
A: Different classes of financial assets have differing liquidity levels. Cash, which is the most…
Q: If the desired reserve ratio in a country is equal to 5% and the cash drain ratio is 30%, a deposit…
A: Required reserves is the portion of the deposit money that the commercial banks are required to keep…
Q: why did the people of Germany not accept Mark as their currency in 1923?
A: During this period of wars, the impact on the economy is negative.
Q: Order" of the Bill List the specific circumstances that we might choose to issue a Bill of Exchange…
A: A bill of exchange is a written order. It obligates one party to pay another a fixed sum of money on…
Q: Which of the following is NOT a function of money? A. A medium of exchange B. A…
A: Money is considered as the source of exchange for the attainment of goods and services. It is the…
Q: How do representative and credit money compare to commodity money
A: Representative money includes paper and coins. Credit money includes bonds and credit cards.…
Q: Which of the following is not included in M1? coins credit cards paper money O checking deposits
A: M1 money supply is the narrow form of money that only include cash and liquidity Monetary…
Q: s that take place across national boundaries but in which both transactions are citizens of the same…
A: GDP refers to ‘Gross Domestic Product’. It is a ‘monetary measure’ of the ‘market value’ of all…
Q: Find and correct mistake in the following statement: "Domestic banks engaged in overseas lending…
A: Domestic banks engaged in overseas lending belong among global-level actors in the world economy.…
Q: Which of the following functions of money is not standardized, meaning there is no system of value…
A: A system of value is in place then goods and services are valued (standard of account) and exchanged…
Q: Q6. What types of reserves maintaining by SAOG and SAOC companies in Oman.
A: The joint stock company form is available to organizations intending to do business in Oman. There…
Q: The currency with public is $330 million , demand deposits is $70 million and other deposit with…
A: The given information is as follows:- Currency with public = $330 million Demand deposit = $70…
Q: Interest payments on loans borrowed abroad are recorded in _______________. Select one: a. official…
A: Borrowings from abroad is also known as foreign debt which is the money or any financial assistance…
Q: Benefits of Open banking as compared to the other traditional Banking system
A: Answer- Benefits of open Bankings :- 1. All the financial data present in one place :- In open…
Q: National reserves at central banks mainly include Select one: a. Hard Currencies b. Gold c. US…
A: Money is anything which is accepted as a medium of exchange, store of value, standard of deferred…
Q: Money supply can be ________ by the central bank ___________ government securties
A: The money supply refers to all of a country's currency and other liquid assets on the measurement…
Q: Which of the following is a function of money? a. a unit of account b. medium of exchange c. a store…
A: ANS: d.All of the above are correct Money has various functions they can be broadly classified…
Q: Special Drawing Rights are a. a reserve asset created by the International Monetary Fund that can be…
A: Special Drawing Rights are also known as SDRs. The SDRs are the international reserve assets. These…
Q: Which of the following is not one of the three functions of money? Medium of Exchange Credit for…
A: Money has three important functions.
Q: Deposits of Australian dollars held at authorised deposit-taking institutions are government money…
A: Money Supply: - In an economy, the total value of money in circulation at a point in time is known…
Q: Money: Only has a function of a medium of exchange represents banknotes, coins, deposits, money…
A: The need of double coincidence of wants is easily avoided by the use of money. It has removed the…
Q: is an object in use as a medium of exchange, but which also has a substantial value in alternative…
A: Money- It is a medium of exchange that includes paper money, coins, and demand deposits.
Q: Money not backed by gold or silver is worthless paper and is a fraud committed against the people of…
A: Since money is not backed by the gold and silvers, thus money does not have any intrinsic value. If…
Q: The transactions demand for money which arises from the medium of exchange function of money.
A: Demand for money arises from the medium of exchange and supply of value functions because people…
Q: Suppose Angola is experiencing an episode of hyperinflation. The currency in Angola is the second…
A: Purchasing power parity is one of the international economic theories that is used to equalize the…
Q: A $25,000 price tag on a new car is an example of money as: Store of value Medium of exchange Unit…
A: Primary function of money: Money has three primary functions, i.e., Medium of exchange, Unit of…
Q: When you take a vacation and keep cash with you in case you might need it, money is serving as a:…
A: Money consists of paper currency and plastic coins which are considered to be a legal tender of…
Q: Distinguish between commodity money and fiat money
A: "Money act as a medium of exchange, store of value, a unit of account and a standard of deferred…
Q: The velocity of money A) is calculated as P/M. B) indicates the number of times per year a…
A: The money velocity is an estimation of the rate at which money is exchanged within an economy. It…
Q: Compare and contrast representative money, credit money and commodity money
A: Representative money:- It can be defined as the means of commerce, frequently printed on paper, that…
Q: Assuming the supply curve for money is perfectly inelastic and the demand curve for money is…
A: (1) A money supply curve is vertical A money demand curve is downward sloping The intersection point…
Q: Money as a means of payments refers only to: Answer a. Actual currency b. Coins and currency c.…
A: Money is a medium of exchange and it allows people to get what they want.
Q: Supply of money refers to the currency held by the central bank of the country True/False
A: At a perticular period of time, the stock of money in total held by the people is refferd to be as…
Q: Whether the currency is a mutual credit system or not, is discussed under ………… Select one: a. Type…
A: A mutual credit system refers to a type of barter network in which trade credits are used to carry…
Q: plain this function of Banko Sentral ng Pilipinas: -Liquidity management -Currency issue…
A: Liquidity management Liquidity management is basically dealing with liquidity forecasting and…
Q: Currency (C) = 800 Reserves (R) = 400 Deposits (D) = 1600 What is the value of the…
A: Reserve-deposit ratio depends on regulations and bank policies.
Q: Commodity money is a form of currency in which the value of the currency comes from the material of…
A: Commodity value is the value of money which comes from commodity it's made of. Example : Gold and…
Q: In order to pay the reparations imposed on it after World War I, the Weimar Republic printed large…
A: When Weimar republic printed massive amount of money to pay for world war 1 expenses, it lead to…
Q: Treasury Bonds are both a store of value and a medium of exchange. a store of value, but not a…
A: Treasury bond: It is a debt obligation issued by the US government.
Q: Question 20 Which of the following is a credit item in the Australian capital account? Australia…
A: When talking about The capital account of balance of payment account, it can be said that all…
Q: Money as a means of payments refers only to: a. Actual currency b. Coins and currency c. Coins,…
A: Money is a mean of exchange in the form of coins and notes, it is generally accepted as a payment…
Q: the total amount of us currency in circulation divided by the us population comes out to about 3500…
A: The money supply refers to the circulation of money in the economic system where the individuals…
- Which of the following is effective?
A) Checks issued in foreign currency
B) Foreign currencies in the form of banknotes
C) Foreign currency accounts in banks
D) Bonds issued in foreign currency
E) Currencies
Step by step
Solved in 2 steps
- - Which of the following is not a function of money? Medium of exchange Unit of Account Resource for production Store of value Standard deferred paymentMartin Shrood purchased a vacant lot outside of London for £13,500, because he heard that a shopping mall was going to be built on the other side of the road. He figured that he could make a bundle by puttingin a fast-food outlet on the site. As it turned out, the rumor was false. A sanitary landfill was located on the other side of the road, and Martin’s land was worthless. (£ denotes the British monetary unit, pounds sterling.)*Required: With respect to the economic characteristics of costs, what type of cost is the £13,500 that Martin paid for the vacant lot?- Which of the following is not included as one of the component values of an SDR? British Pound U.S. Dollar Japanese Yen Swiss Franc
- - Which of these is not part of the transactions account M1? Negotiated Order of Withdrawal Credit Union share draft account Savings account Demand deposits at a commercial bank142.) Currency (C) = 800 Reserves (R) = 400 Deposits (D) = 1600 What is the value of the currency-deposit ratio? 0.2 0.25 0.4 0.5Translation of Foreign Currency Transactions 1. Describe the functional currency concept and briefly describe how a foreign entity’s functional currency Is determined. 2. Describe what the current rate method and the temporal method and explain under what circumstance(s) should they used. 3. If the current rate method Is use, the gain or loss on translation Is Included under other comprehensive Income. Explain why this would make sense economically
- Explain partially convertible currencyTRUE OR FALSE 4. In one way our money loose it's function is when the appearance becomes gray yet some features are still recognizable. 5. Trading means importing goods from other countries. 6. Currencies are being used domestically and internationally.129.) Currency (C) = 800 Reserves (R) = 400 Deposits (D) = 1600 What is the value of the reserve-deposit ratio? 0.2 0.25 0.4 0.5
- Q3-11 If a country ties its currency to a specific foreign currency and allows its holdings of that currency to govern the country's money supply, this arrangement is known as a Select one: a. currency board. b. floating exchange rate. c. monetary union. d. Special Drawing Right.22. The theory of asset demand suggests that the most important factor affecting the demand for domestic and foreign deposits is the Question 22 options: a) preference for domestic goods relative to foreign goods. b) productivity of the domestic country relative to the foreign country. c) expected return on one asset relative to the another. d) price level of the domestic country relative to the foreign country.PQ 20 If a country ties its currency to a speciic foreign currency and allows its holdings of that currency to govern the country's money supply, this arrangement is known as a a. currency board b. floating exchange rate c. monetary union d. special drawing right