Why were cowrie shells considered a good form of money for centuries a. They are durable b. They are divisible c. They are hard to counterfeit d. All of the above

Q: The economy of Elmendyn contains 2,000 of $1 bills.a. If people hold all money as currency, what is…

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first question…

Q: Suppose I live in a hypothetical country, Pandesia, where there is 100% reserve banking. I deposit…

A: Given information Initial deposits=$1000 Required reserves=100% 100% reserve banking is known as…

Q: The Federal Reserve measures the money supply using which of the following? A) Savings Accounts B)…

A: Money supply refers to all the currency and other liquid instruments in a country’s economy at a…

Q: M2 definition of the Money Supply includes which which of the following?   Question 30 options:…

A: Functions of money . A store of value . a unit of account . a medium of exchange

Q: The information in the following table pertains to the hypothetical economy of Lalaland. Amount Type…

A: We have to find M1 and M2 money supply from the given table.

Q: 1. When someone moves money from a saving account to a demand deposit, the size of M1 will: a.…

A: M1 cash supply incorporates those monies that are extremely fluid like money, checkable (request)…

Q: Could each of the following items potentially serve as money? Consider each as a medium of exchange,…

A: Money is used as the currency for buying goods and services. Money replaced the barter system.

Q: Q19 The money supply is controlled by the Select one: a. South African Reserve Bank b. President of…

A: Money supply is the amount of money which is circulating in the economy. It is very important for…

Q: Which property is consistent with the functions of money?     Unit of account     medium of…

A: Money has some important functions which are essential for survival of economy.

Q: What is the major component of the money supply M1? Certificates of deposit Savings deposits…

A: Money supply M1 consists of currency in circulation, demand deposits (both current and saving…

Q: 1. If the U.S. Treasury deposits income tax receipts into its account at the Federal Reserve, then…

A: In the federal reserve system, US treasury is the separate entity as it regulates receipts and…

Q: commercial bank receives a currency deposit, cash is taken out of circulation. Thus, there will be a…

A: A money multiplier is one of different firmly related proportions of commercial bank cash to…

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: Item Billions of Dollars Checkable Deposits $597 Small Time Deposits 818 Currency 639 Money-Market…

A: The M2 money supply is relatively broader money supply measure than M1 money supply because it…

Q: If a society chooses fiat money as its money form, it __________.

A: Fiat money:- Fiat money, also referred to as paper money, is a form of money that is not backed by…

Q: Which of the following is NOT a function of money?   A. A medium of exchange   B. A…

A: According to the guidelines we are allowed to answer only one question in one session. If you would…

Q: Which of the following characteristics is true of paper currency? O It is the only type of money…

A: In an economy, money is exchanged in different forms such as paper money, coins, pr other monetary…

Q: Chorlton, Fenella and O’Reilly are the sole inhabitants of Cosgrove. Their total holdings of $600…

A: 6. The velocity is given by, V=TransactionMoney Supply=30+15+75600=120600=0.2 7.If the amount was X,…

Q: Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners…

A: Intrinsic value is a measure of what an asset is worth. Intrinsic value of money refers to the…

Q: Briefly the three tools to control money supply. Which of these tools does Bangladesh Bank uses most…

A: Monetary policy is a central bank's policy that manage the money supply. Money supply includes forms…

Q: Initially, the Republic of Gorgonzola has no commercial banking system.  To make trading easier and…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: #38. In a system of 100-percent-reserve banking, the purpose of a bank is to a influence…

A: A 100% reserve banking, also called full reserve banking which only has the lending system of time…

Q: Solve the attachment

A: Given information: Current account depsoits = $8000000 Saving account deposits = $4000000 Commercial…

Q: what are the requirements for something to be considered money? Why does the dollar have value?

A: One can argue that the most important thing for the survival of humankind is trade and commerce.…

Q: Trace the development of money (a) barter (b) commodity and (c) fiat money, explain the role of…

A: In a transactional economy, money is an economic unit that acts as a commonly acknowledged method of…

Q: What is fiat money? What is commodity money? Which kind do we use?

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

Q: In an economy, the M2 measure of money supply is $88,000 and M1 is $66,000 We have to calculate…

A: The information being given is:- M2 = $88,000 M1 = $66,000 Saving deposit with post office Savings…

Q: Which of the answer choices best illustrates the unit of account function of money? a. Café Britt…

A: Money is a resource or asset that is accepted and used as an exchange medium to buy commodities and…

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: Suppose I live in a hypothetical country, Pandesia, where there is 100% reserve banking. I deposit…

A: Given information Initial deposits=$1000 Required reserves=100% 100% reserve banking is known as…

Q: Item Billions of Dollars Money market mutual $50 funds Currency in the hands of the public 650 Small…

A: There are different forms of money due to which those are classified as M1, M2, M3, and so on based…

Q: Assume that individuals do not hold currency. If the reserve ratio is equal to 5 cent, then if the…

A: Required reserve ratio is the minimum requirement of reserve that banks are needed to hold which…

Q: The economy of Elmendyn contains 900 $1 bills. If people hold all money as currency, the…

A: Hey, thank you for the question. According to our policy we can only answer up to 3 subparts per…

Q: If deposits in the banking system are $540, while the reserve ratio is 0.2 and the currency to…

A: Total demand for high powered money can be calculated by using the following formula.

Q: Which quotation is irrelevant to the claim in paragraph 1 that "people have confidence that the…

A: In economics, the currency is defined as a Sub-section of the term " money"  which acts as a…

Q: The economy of Moneyland contains 5000 $1 bills. a. If people hold all money as currency, what is…

A: Quantity of money = Currency + Demand deposits

Q: One of the features of money is its store of value. However, most people do not hold their wealth as…

A: Since cash's helpfulness as a medium of exchange or trade-in exchanges is intrinsically…

Q: Which of the following is NOT a policy tool of the Central Bank? * a. open market operations b. the…

A: A national bank, central bank, or money related authority is a foundation that deals with the cash…

Q: Classify each example as commodity money or fiat money. Word bank in the image Commodity money…

A: Money that is established as currency by government regulation or a decree and has no use value of…

Q: A rapid rate of growth of money results in  a. constant prices. b. depression. c. inflation. d.…

A: Money supply refers to the circulation of money held by banks and individuals.

Q: In April 2020, the BOJ plans to set the Required Reserve Ratio (RRR) at 20%. By how much will the…

A: The deposit requirements are the amount of money that the bank withholds to ensure that it can meet…

Q: Pls help with below homework.

A: Total Money Supply=$3302 billion Currency in circulation=$1600 billion Transactions account…

Q: “Whenever currency is deposited in a commercial bank, cash goes out of circulation and, as a result,…

A: The money supply in the economy of a nation on the date calculated is both the currency and other…

Q: Why are credit cards not included in the money supply even though they can be used easily for…

A: The money supply basically refers to the all entire quantity of money that is in circulation, which…