Explain how the currency system addresses

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Assignment

Question 1. In your own words, in 2-5 sentences, please explain how the currency system addresses the limitation of double coincidence of wants faced by the barter system.

Question 2. In your own words, in 2-5 sentences, please describe why currency backed by physical commodities (such as gold) has inherent value, while fiat currency does not have inherent value.

Question 3. In your own words, in 2-5 sentences, please explain why APIs are like sockets.

Question 4. In your own words, in 2-5 sentences, please explain what is an IP address, why is it needed, and what is the biggest difference between IPv4 and IPv6. Get reliable and affordable assignment help today!

Question 5. In 2-5 sentences, please explain the two reasons why using Cloud Computing can lead to cost reduction.

Question 6. Mike had dinner at a restaurant. When he asked for the check, the waiter came with a wireless portable device to collect the payment. Mike tapped his credit card on the portable device, and the payment went through. The device then asked Mike to enter the tip on a touch screen. After Mike selected the tip, the device printed out a receipt.

In the example above, what hardware, software, and networking components are facilitating the process? Please describe at least 2 hardware components, 1 software component, and 1 networking component.

Question 7. Pick one of the following technologies that we've talked about:
Mobile Devices - e.g., mobile phones
Internet of Things (IOTs) - e.g., RFID, wearable devices
The Internet
Cloud Computing
Please explore relevant news articles and describe in 2-5 sentences regarding each of the following:
a) Which technology did you choose, and how has this technology transformed payments?

b) What payment scenarios have been made possible through this technology?

c) What were payments like before this technology was adopted?

d) Please cite at least two resources and list your cited resources below.

Reference no: EM133963747

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