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Vanyuwa [196]
2 years ago
15

as a means of exchange in our economy makes it easier for people to make transactions with each other.

Business
1 answer:
Anettt [7]2 years ago
6 0

Money is a means of exchange in our economy makes it easier for people to make transactions with each other.

Money is a commonly accepted commodity as an economic medium of exchange. It is a medium that expresses prices and values. It circulates from person to person, from country to country, promotes trade, and is a major measure of wealth.

In summary, money has taken many forms over the centuries, but money has consistently performed three functions. It is a medium of value storage, a calculation unit, and exchange. The modern economy uses legal tender. This is neither a commodity nor the money represented or "backed" by the commodity.

Exchange medium. When economists say that money acts as a medium of exchange, they mean a currency unit used to measure and compare the relative value of commodities.

Learn more about Money here: brainly.com/question/329739

#SPJ4

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a. 2 years

b. 1 year

c. 12 times

Explanation:

Interest period is the duration of the deposit. It is the length of time the money would remain in deposit. This is 2 years according to the question

Compounding period = number of times interest would be paid. In the question, this is a year. So interest would be paid every year

The compounding frequency - it is the number of times the deposit would be compounded. It is 12 months

The future value of the deposit can be determined using this formula :  

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Gordon Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value pe
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Answer:

$0.71

Explanation:

Calculation to determine What was the average selling price for the common stock issued

Using this formula

Common stock issued avarage selling price=

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Therefore the average selling price for the common stock issued is $0.71

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2 years ago
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