Why is universal acceptability such an important

Reference no: EM131227795

1. (Characteristics of Money)Why is universal acceptability such an important characteristic of money? What other characteristics can you think of that might be important to market participants?

2. (Commodity Money) Why do you think rice was chosen to serve as money in medieval Japan? What would happen to the price level if there was a particularly good rice harvest one year?

Reference no: EM131227795

Questions Cloud

What conditions would you use both types of tobacco : Under what conditions would you use both types of tobacco for money?

When will the rock hit the ground : When will the rock be 440 feet above the ground? When will the rock hit the ground?

Prepare journal entries to record each of given transaction : On October 1, 2015, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Prepare journal entries to record each of the above t..

What are the primary sources of emissions : What are the countries' levels of involvement in worldwide emissions regulations? Discuss solutions or regulations to energy use in high-demand countries. How can high-use and low-use countries work together to reduce overall emissions?

Why is universal acceptability such an important : (Commodity Money) Why do you think rice was chosen to serve as money in medieval Japan? What would happen to the price level if there was a particularly good rice harvest one year?

Create an innovative idea for a new product or service : During this course you will work within a CLC to create an innovative idea for a new product, service, or business. Each member of the team will be responsible for contributing an innovative idea to the team for consideration.

Whether fred is a resident of australia for taxation purpose : Fred, an executive of a British corporation specializing in management consultancy, comes to Australia to set up a branch of his company. - Discuss whether Fred is a resident of Australia for taxation purposes.

Compounded semi-annually will an investment : Question 1: What amount invested today would accumulate to $60145.89 in 10 years, if it is invested at 8% compounded semi-annually? Question 2: At what ate compounded semi-annually will an investment of $27499.80 grow to $60145.89 in 10 years?

Is the dispositional analysis of desire complete : Is abduction used by Russell in his argument? If so, how? If not, how would adding abduction change the argument? Explain. Explain Logical Behaviorism's analysis of mental states. What does the example of curare show about Logical Behaviorism? Explai..

User Account

All Pages