Answer:
precautionary and speculative
Explanation:
Aggregating the transactional, precautionary and speculative demand for money,
we get the total demand for money. This is sometimes known as the liquidity preference curve, and is inversely related to the rate of interest.
Total demand for money=Transactions demand+precautionary and speculative demand for the money
Therefore, the answer to the question is precautionary and speculative
The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.
<h3>
What is International Trade?</h3>
International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.
International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.
<h3>What is the role of the banks in International Trade?</h3>
Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.
<h3>What did a Merchant do?</h3>
Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.
Thus, we can conclude that the above statement is TRUE.
Learn more about International Trade on:
brainly.com/question/15115779
#SPJ4
Answer:
Decision tree
Explanation:
The decision tree provides the alternatives and allocated the value and weight for each and every alternative in order to become easier to take the decision that depend on the amount and weight allocated to each alternative
It helps in decision making
So as per the given situation the decision tree is the answer
Hence, the second option is correct
The reasons why producers choose to specialize are:
- to gain a comparative advantage
- to increase efficiency.
<h3>What is specialization?</h3>
Specialization is when a producer concentrates on the production of some particular goods and services.
Advantages of specialisation
- It increases economies of scale
- It increases the efficiency of the producer
To learn more about comparative advantage, please check: brainly.com/question/25139916
#SPJ4
Answer:
kept the same in order to achieve allocative and productive efficiency.
Explanation:
Full production means that employed resources are providing maximum satisfaction for our material wants. Full production implies two kinds of efficiency: 1. Allocative efficiency means that resources are used for producing the combination of goods and services most wanted by society
