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- A Suppose the difference between the transactions velocity and the income velocity of circulation of money in an economy is 5 and the money value of total transactions is 6 times the money value of aggregate income. If the quantity of money in circulation is 1000 currency units, then the money value of aggregate income in currency units is (a) 1000 (b) 1200 (c) 1500 (d) 1800The characteristic of money as a store of value implies: a. Money will remain valuable from one day to the next O b. None of the Above O C. Money allows us to quote prices and record debt O d. Money is acceptable as payment for goods and servicesWhat are some ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whether the borrower will repay the loan?
- The real money balances determine O the purchasing power of the money supply sum of coin, currency, and balances in checking accounts. O the amount of money distributed by the Federal Reserve. number of dollars used as a medium of exchange.Write an essay about: How is money created in an economy? What is ‘fiat money’ and are holders of fiat money exposed to any risks? Provide in text references/paraphrasing. Cannot 400-500 words49. Why is 'fiat money,' such as paper cash, not actually money? (A) It is not gold. (B) It is not a medium of exchange. (C) It is not a unit of account. (D) It is not a store of value.
- An issuing bank is responsible for: O a. preparing a bill of lading O b. making freight arrangements O c. issuing a certificate of origin O d. issuing a letter of creditMoney is any asset that is generally accepted as payment for goods, services, wages, and other payments to inputs. This function of money is called O unit of account. O store of value O standard of deferred payment. O medium of exchange.What is the difference between a debit card and a credit card? A purchase with a debit card you never have to pay for. A credit card comes directly from your checking account. O A debit card purchase comes directly from your checking account. A purchase with a credit card you never have to pay, ever. O A debit card has your purchases come directly from your checking account. A credit card collects the amount that you spend the entire month. If you do not pay the entire balance, you will have to pay interest. O A debit card collects the amount you spend over the month and sends you a bill. If you do not pay the whole bill, you have to pay interest. A credit card purchase comes directly from your checking account.
- Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at measuringWorth.com. How much money would it take today to purchase what one dollar would have bought in the year of your birth?Question 2 If you have a credit card limit of $1,000, you should never carry a balance of more than $800. True. False, Question 3 Credit cards are expensive ways to borrow money. True. False. Sign-i Your Save and Quit Your interest rate on your loan with the credit card company can go up big time if DELL & $ 4. 2# 3 y eRio Tinto pays a tee to a bank for its assistance during an issue of securities. Rio Tinto does NOT have a deposit account at that bank. The bank deposits at the bank receiving the fee and the bank deposits in the banking system OA decrease; decrease O B. do not change: decrease do not change; do not change OD. increase; decrease OE decrease: do not change
