When economists say that money serves as a medium of exchange, they mean that it's A. A way to keep wealth in a readily spendable form for future use. B. Declared as legal tender by the government. C. A monetary unit for measuring and comparing the relative values of goods.
D. A means of payment.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When economists say that money serves as a medium of exchange, they mean that it's A. A way to keep wealth in a readily spendable form for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
An investment offers $6,200 per year for 20 years, with the first payment occurring one year from now.
Answers (1)
Using websites such as the U. S. Census Bureau is an example of what type of data source? A) Focus group B) Reviews C) Case study D) Public data
Answers (2)
David Rose Inc. forecasts a capital budget of $500,000 next year with forecasted net income of $400,000. The company wants to maintain a target capital structure of 30% debt and 70% equity.
Answers (1)
Explain how each of the following events would affect the public debt or implicit liabilities of the U. S. government, other things equal. Would the public debt or implicit liabilities be larger or smaller if they occurred?
Answers (1)
An apparel company is trying to decide which global strategy to implement as it expands. A low cost structure with a differentiated product specific to each of its geographic markets is important to the company.
Answers (1)
New Questions in Business
cNally Corporation makes a special ski. Next year, McNally expects to produce 20,000 pairs of skis. Seven pounds of fiberglass are required to make each pair of skis.
Answers (1)
Direct materials and direct labor of a company total $7300000. If manufacturing overhead is $3650000, what is direct labor cost? a. Cannot be determined from the information provided. b. $3650000 c. $0 d. $7300000
Answers (1)
Suppose you go out with your friend for coffee and donuts at the local donut store. the first donut you eat tastes incredibly good. the second one also tastes pretty good. the third donut seems just okay.
Answers (1)
One of the most important ingredients in bubble tea is the tapioca pearls that are added to the tea. If the price of tapioca flour increases, what will happen to the supply of bubble tea, all else being equal?
Answers (1)
If you put all the profits into your business, you may not be able to do which of the following? A: hire an accountant B: fund your IRA C:pay for your marketing D:develop new products
Answers (1)