How it is possible for people to continue to use a currency

Assignment Help Microeconomics
Reference no: EM131023170

On January 1, 2002, Germany officially adopted the euro as its currency, and the deutsche mark stopped being legal tender. According to an article in the Wall Street Journal, even 10 years later many Germans continued using the deutsche mark, and many stores in Germany continued to accept it. Briefly explain how it is possible for people to continue to use a currency when the government that issued it has replaced it with another currency.

Reference no: EM131023170

Questions Cloud

Humans and animals cost significantly different prices : Discuss some unique pricing issues faced by companies that operate in the pharmaceutical industry. What are some reasons why pharmaceutical companies often sells identical drugs for dramatically different prices in different countries? How can the sa..
Observation regarding sound financial systems : An International Monetary Fund Factsheet makes the following observation regarding sound financial systems: "A country's financial system . . . provide[s] a framework . . . [for] supporting economic growth." Do you agree with this observation? Bri..
Find the face value of a loan : Mark Golden needs $ 5255.57 to pay for remodeling work. His bank loans money at a discount rate of 9% for 270 days. Find the face value of a loan so he will have $ 5255.57 proceeds at the time of the loan.
Which one of the following is a source of cash : Which one of the following is a source of cash?a. A decrease in inventory.b. An increase in fixed assets.c. A decrease in long-term debt.d. The payment of a cash dividend.e. An increase in accounts receivable.
How it is possible for people to continue to use a currency : On January 1, 2002, Germany officially adopted the euro as its currency, and the deutsche mark stopped being legal tender. According to an article in the Wall Street Journal, even 10 years later many Germans continued using the deutsche mark, and ..
Construct an amortization schedule : A family purchased a house valued at $300,000 Owners equity of 20% is required as an initial collateralized condition with the financed amount to be amortized in equal monthly amounts extended over a 15 year period @ 12%. Find : The borrowers financi..
What is the producer surplus in this market : The government sets a tariff of 5 dollars per unit, and a quota of 5 units. That is, at most only five units of the good can be imported, and importers will have to pay 5 dollars for each unit they import. What is the producer's surplus in this ma..
True about stock : Which of the following is not true about stock?
What specific cell type is affected in parkinsons disease : What specific cell type is affected in Parkinson's disease? What is dopamine? What effects does dopamine have on the body?

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine whether gdp will be underestimated or

determine whether gdp will be underestimated or overestimated in each of the followingthe quality of goods is

  Compare quantities demanded between the old and new bundles

Suppose that the price of good x rises and price of good Y falls in such a way that the consumer's new optimal consumption bundle lies on the same indifference curse as his old bundle. Compare the quantities demanded between the old and new bundle..

  Assume that the treasury is currently running large

assume that the treasury is currently running large surpluses tax collections exceed new government spending. on a

  Data points to increasing numbers of individuals shopping

bulls eye department store specializes in the sales of discounted clothing shoes household items etc. similar to the

  How do providers influence the decisions that patients make

How do providers influence the decisions that patients make? What type of decisions do patients make as a natural consequence of the influence from providers and physicians?

  Has the dollar appreciated or depreciated in value

Would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound?

  Negative criticism arising out of unfair competition

How might a Wal-Mart representative respond to the negative criticism that might arise as the result of sighting the new facility in a community ranging from traffic congestion to anti-union sentiment to unfair competition.

  Identify whether each of the following raises labor demand

identify whether each of the following raises labor demand or lowers labor supply includes slowing labor supply growth

  Effects of a rise in inflation expectations on t-bill market

Draw a supply/demand diagram of the market for "loanable funds" in the U.S. Use the "interest rate" as the "price" of loanable funds on your diagram.

  Analyzed the impact of foreign trade between two countries

Determine the trade balance between the U.S. and China for the most recent five year period.

  How might they benefit u.s. consumers

What does the Justice Department mean by "substantial and credible efficiencies," and how might they benefit U.S. consumers? Why would a merger between two large airlines not be "likely to substantially lessen competition"?

  How will the equilibrium price change after the substitute

Suppose that the market for some product has a linear downward?sloping demand curve and a linear upward sloping supply curve. Then suppose that the price of a substitute good increases and the price of an input to production also increases.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd