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Len [333]
3 years ago
13

Lara has earned $20 mowing grass around her neighborhood. She takes her money to the bookstore and purchases a CD for $11.99. Sh

e wants to buy a book as well, but she has to choose between the hardcover for $12 and the softcover for six dollars. Lara's use of her money and the decision she makes best illustrate which two functions of money?A. Measure of value and standardB. Medium of exchange and measure of valueC. Standard and store of valueD. Store of value and medium of exchange
Business
1 answer:
aleksandrvk [35]3 years ago
8 0

Answer: Medium of exchange and measure of value

Explanation: Medium of exchange refers to the ability of the money to be taken as a common medium for exchange of goods and services in the form of sale and purchase.

Whereas, measure of value refers to the ability by which different goods and services could be compared in terms of money.

In the given case, Laura purchased a CD using money and also is comparing two commodities in terms of money to purchase.

Hence we can conclude that the given case illustrates Medium of exchange and measure of value .

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d. 21, 21

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Hence, Chaikin Money Flow is calculated by summing the average of the daily money flow (ADs) over the past 21 days and dividing that sum by the total volume over the past 21 days.

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3 years ago
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being open and honest builds a sense of self-worth. It is about being moral, truthful to yourself and with others.

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You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.50 = €1.00 and the dolla
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The correct answer is (B) Buy euro at $1.50/€, buy £ at €1.25/£, sell £ at $2/£

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The dollar- euro exchange rate is quoted as $1.50 = €1.00

the dollar-pound exchange rate is quoted at $2.00 = £1.00

To calculate the actual cross rate we use; S(euro divided by pounds) =  S(dollar/pounds) ÷ S(dollar/euro).

Using symbols to denote this, we have S(€/£) = S($/£) / S($/€)

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