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Dimas [21]
3 years ago
12

Indicate which of the functions of money (a medium of exchange, a unit of account, and a store of value) each of the following p

erforms in the U.S. economy.
Medium of Exchange Unit of Account Store of Value

Plastic credit card
House
Japanese yen
U.S. dollar bill
Business
1 answer:
kondaur [170]3 years ago
7 0

Answer:

  • Credit Card : Medium of Exchange , Standard of Deferred Payment
  • Japanese Yen : Medium of Exchange
  • US Dollar Bill : Standard of Deferred Payment
  • House : Not Money ; Real Estate serving as Store of Valye

Explanation:

Money is something which is generally accepted as a medium of exchange, unit of value, store of value & standard of deferred payment.

  • Medium of Exchange : For transferring purchasing power between buyers & sellers
  • Unit of Value : As a common denomination in which all things value is measured
  • Store of Value : For preserving wealth in economic, stable value.
  • Standard of Deferred Payment : As a tool for delayed payments settlements

Plastic Credit Card serves as a Medium of Exchange, as it helps in transactions. It is also a form of standard of deferred payment, as the bank collects spent amount from credit card by the customer later

Japanese Yen acts as a Medium of Exchange, as it helps settle transactions.

US Dollar Bill implies that the settlement is to be done later. So, it is a standard of deferred payment.

House is not money. Its just a real estate asset, bought by money. It acts as a store of value,  as preserve for wealth

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Ilia_Sergeevich [38]

Answer:

The correct answer is option A.

Explanation:

A production possibility curve shows the different bundles of maximum possible two goods that can be produced using the given resources. The production possibility curve is concave to the origin.  

This shape of the curve is because of opportunity cost. We know that to increase the production of one commodity we need to sacrifice production of its alternative.  

The resources can not be perfectly substituted and the opportunity cost goes on increasing with the increase in output, that's why the production possibility curve is bowed out or concave to the origin.

5 0
3 years ago
DoorWay Computers, Inc., the trademark owner of "DoorWay," sought a court injunction to prevent Handyman Hardware, Inc. from usi
amid [387]

Answer:

False  

Explanation:

Because the injunction is the legal remedy that the special court's judge orders not the jury. The order enforce a party to do what must be done or refrains it from doing specific acts that harms the other party. So saying that Doorway sought the court injunction in which the jury decides the right course of action is incorrect because injunction is the warning of judge not of jury.

3 0
3 years ago
Where is market equilibrium located
Lina20 [59]

Answer:

B. at the intersection of supply and demand

Explanation:

Equilibrium is a market condition where there no excess or shortage in demand and supply. It is when the quantity demanded matches the quantity supplied. At equilibrium, buyers and sellers are happy with the prevailing prices.

In a graph showing the demand and supply curve, the equilibrium point is the intersection of the supply and demand curve.  

8 0
2 years ago
The following financial ratios and calculations were based on information from Kohl Co.'s financial statements for the current y
creativ13 [48]

Answer:

Kohl's Average total Assets were $1,000,000

Explanation:

1.

Asset Turnover = Net Sales / Average fixed Assets

Net Sales = Asset Turnover x Average fixed Assets

2.

Account Receivable Turnover = Net Sales / Average Account receivable

Net Sales = Account Receivable Turnover x Average Account receivable

According to given condition

Asset Turnover x Average fixed Assets = Account Receivable Turnover x Average Account receivable

2 X Average fixed Assets = 10 X $200,000

Average fixed Assets = $2000,000 / 2

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