Which of the following is the best definition of money

Assignment Help Business Economics
Reference no: EM13981971

Which of the following is the best definition of money?

1) anything generally accepted as a payment for goods or repayment of debt 2) anything that is a liability of the federal government 3) anything that is a liability of a commercial bank 4) coins and currency in the hands of the public

Reference no: EM13981971

Questions Cloud

Short run and long-run effects of tightened monetary policy : Discuss the effects of a tightening monetary policy in the short-run and the long-run? What are the key assumptions in both scenarios? What are the appropriate models to distinguish the short run and long-run effects of a tightened monetary policy? W..
What is the sociological imagination : What is the sociological imagination? Discuss how your life might have turned out differently had you been born in a different time period (era) or location (country or culture)
Expenditures including the initial increase : Assume that the MPC is 0.89. If there was an $75 billion autonomous increase in expenditures, what would the total increase in expenditures including the initial increase?
Find the corrective tax which eliminates the deadweight loss : The aluminum industry faces a private marginal cost curve PMC = 2Q and a market inverse-demand curve of PD = 60 – QD. However, production creates an externality with marginal damages of MD = Q. Find the market equilibrium without any government contr..
Which of the following is the best definition of money : Which of the following is the best definition of money? 1) anything generally accepted as a payment for goods or repayment of debt 2) anything that is a liability of the federal government 3) anything that is a liability of a commercial bank 4) coins..
A year of unusually bad weather for agriculture would : A year of unusually bad weather for agriculture would:
According to a regression analysis : Since all the Hawkins Company's costs (other than advertising) are essentially fixed costs, managers want to maximize total revenue (net of advertising expenses). According to a regression analysis (based on 124 observations) carried out by managers,..
Educational reforms begin to significantly raise test scores : Educational reforms begin to significantly raise test scores of graduating high school seniors in the United States, and they enter the workforce with improved reading, math, and reasoning skills. What effect would this have on aggregate supply? Ques..
Explain why tax revenue changes during recession : Fiscal policy changes automatically when output and employment fluctuate a. Explain why tax revenue changes during a recession b. Explain why government spending changes during a recession c. If the federal government was required to operate under a ..

Reviews

Write a Review

Business Economics Questions & Answers

  What are the average and marginal costs of a blood draw

It takes a phlebotomist 10 minutes to complete a blood draw. The supplies for each draw cost $5 and the phlebotomist earn$25 per hour. the phlebotomy lab is designed to accommodate 24000 draws per year. its rent is 100,000 per year. what are the aver..

  What is the relationship with gdp

Is conspicuous consumption for real or just a rational response to higher income? How does this effect the consumption curve and aggregate expenditures model? What is the relationship with GDP?

  Illustrate what is the economic profit of the business

Compute accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job. Illustrate what is the economic profit of the business.

  Basis features of monopolistic competition

Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?

  Discussed how nations could benefit from trade

Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?

  Deposited the money into the account

Suppose you will receive $100 in six months and have access to an account that earns 1/2% per month. If you deposited the money into the account how much would you have 18 months from now?

  Study of individual behaviour

study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.

  Prices of untaxed consumption items

Your state has a retail sales tax of 10% but it exempts food, prescription drugs, and all services including housing services, repair services, and use of electricity and other public utility services.

  Conomic analysis and guiding principles of sustainability

Using economic analysis and the guiding principles of sustainability, between the farmer subsidy solution and the principles of sustainability solution, justify which solution is best? Why?

  Point elasticity of the firms

Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.

  Utility producing firms often practice second degree price

Utility producing firms often practice second degree price discrimination. How might this help consumer welfare?

  Illustrate what effect would customer expectations

Illustrate what effect would customer expectations of substantial price increases in music players have upon the demand for portable music players in a completive marketplace

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