Imagine you have R1,000 in cash, and you deposit this money into a savings account at a bank. What function of money is this action demonstrating? A. Medium of Exchange B. Unit of Account c. Store of Value D. Measure of Value
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- My son is saving his allowance and chore money to buy a new bicycle. Which function of money is he utilizing? O standard of deferred payment. unit of account. O medium of exchange. store of value.36. To be considered money, an item must have which of the following features? Choose all that apply. O federal government approved durability paper or metal composition O easily divisiblePlease answer. Thank yiu
- If Tiffany redeemed a bond that earned 5% interest over the past 10 years, which function of money was BEST represented in this scenario? A. medium of exchange B. store of value C. standard of value D. unit of accountA good form of money is described as having the following characteristics: A, B, C, OR D ONE ANSWER A unit of account, medium of exchange, store of value, and standard of deferred payment. B unit of account, medium of exchange, and store of value. C unit of account, medium of exchange, and standard of deferred payment. D unit of account, medium of exchange, store of value, and money.When you open a savings account, you and your joint account holder will need these fouritems. Put a checkmark next to or highlight, in the image below, the items you knowyou/your parent/guardian already have and circle any items you would need to work onobtaining
- An advantage that money has over other assets is that it: a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value over time d. Has lower transaction costs to use as a means of payment than other assets1. Which of the following is an example of money as a unit of account? (A) A monthly credit card statement (B) A money market account (C) A checking account (D) Pricing of items in a grocery store (E) Direct deposit fint money?If your grandmother gives you a $20 bill and you deposit that into your and M2 Money. checking account, then M1 money. O stays the same; stays the same O decreases; increases increases; increases O increases; decreases increases; stays the same
- Match the columns Protection of your money A. If this is not done, control over finances can be lost and legal issues may arise – such as problems with the South African Revenue Service, non-payment of accounts, etc. Banking is convenient B. A bank provides the owner with documentation which shows all monies received and paid out by the business. This is called a ‘bank statement’ and provides the owner with a concise transaction by transaction outline of monies going into and out of the bank account. Finance becomes readily available C. You may remember the days when your parents stood in long queues paying off telephone, electricity, clothing and other utility accounts. Those days are long gone. Nowadays you can just send a cheque by post, or even better – pay all these beneficiaries with the click of a button over the internet or via your cellular phone. More efficient business practices D. Money in a safe is ‘dead’ money, because it cannot earn interest for…how you know what c value to look atPlease help me with homework, thanks