1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikdorinn [45]
2 years ago
11

Does venmo fulfill the role of a medium of exchange? Does it matter for your answer that many retail stores won't accept it in p

ayment for goods and services?
Business
1 answer:
goldfiish [28.3K]2 years ago
5 0

It should be stated right away that Venmo is not a medium of exchange in and of itself. It is nothing more than a digital payment platform. Money is still the medium of exchange.

Many retail stores don't accept Venmo as a medium of exchange because Outside of Venmo, your bank or card issuer has declined the transaction. The payment has triggered one of Venmo's automated security flags. Technical issues can range from a slow internet connection to bugs in the Venmo app. Networking issues are a common reason why a Venmo payment fails.

If your company has unusually high transaction volumes, your Venmo account may raise a red flag. Sudden bursts of activity may indicate fraudulent transactions, implying that hackers have taken over your account. Venmo may refuse payment processing until you speak with customer service and confirm the activity is legitimate. Besides Venmo there are many other digital payment platforms.

Learn more about digital payment platforms here:

brainly.com/question/24590614

#SPJ4

You might be interested in
In addition to contributing money to a candidate, which is limited to only $5,000, which way does a PAC contribute to campaign e
scoundrel [369]
The answer is B. Gift

a Political Action Committee can designate a charitable organization to receive some sort of gifts equal to their contribution

These gifts can took form in Pins, Stickers, T-Shirt, Posters, etc
7 0
3 years ago
Read 2 more answers
On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos
Licemer1 [7]

Answer:

Pension Expense = EBE = $593440 for income statement

Explanation:

The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.

                                                                 DBO                plan asset       EBE

opening balance                                   (600000)            832000             -

interest                                                   ( 60000)              66560            6560

current year's service cost                    (600000)                               (600000)

                                                            (  1260000 )            898560      <u> 593440</u>

 balance sheet liability = 361440

5 0
3 years ago
Read 2 more answers
Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? It would be a r
grandymaker [24]
The right answer for the question that is being asked and shown above is that: "The government will pay firms to give some workers extra pay to increase the total economy." <span>Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? </span>
6 0
3 years ago
PLEASE HELP ASAP
ioda
It would have to be  E 
3 0
3 years ago
Read 2 more answers
You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are m
alina1380 [7]

Answer:

Explanation:

The comparison of psychological benefits to actual tangible costs depends on the individual in question. If the individual is constantly stressed to the point which the stress is affecting his/her health, work performance, mood, behavior around family, etc. then the tangible costs of going on vacation may be worth it. This is because a vacation would provide a moment of relaxation which would relieve all of that individual's stress and in doing so improve the individual's work performance, health, and overall quality of life. Therefore, the comparison between physical benefits to costs is always going to be a personal opinion.

5 0
3 years ago
Other questions:
  • Which document allows patients to specify their wishes in regard to four specific dire medical situations by using a 48-item que
    13·1 answer
  • An operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. She is focusing on thre
    14·1 answer
  • explain how the substitution effect in the income effect interact with changes in price to change the quantity of demand
    6·1 answer
  • When a nation’s currency appreciates, what is the most likely result?
    5·1 answer
  • ​Kentucky, Inc. purchases and sells widgets. The following information summarizes the​company's operating activities for the​yea
    10·1 answer
  • Since the colonial period, the census has revealed
    13·1 answer
  • Linger Products uses a two-stage allocation method to assign costs to its products. The following information has been provided
    8·1 answer
  • Phil used his rental property for personal use for 7 days and rented it for 63 days. In most cases, what percentage of his expen
    8·1 answer
  • Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login
    15·1 answer
  • Excel provides _____ in categories such as financial management and budgets.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!