Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
Answer:
net là một thị trường hiệu quả hay không hiệu quả
Explanation:
Current balance in the general ledger cash account is $5,320
Explanation:
General ledger
Opening balance $4,000
(Add)
A note collected by a customer $1,000
interest collected by a customer $40
NSF check from a customer $300.
------------------
$5,340
(Less) bank service charges $20
---------------
Balance in the general ledger
cash account is $5,320
current balance in the ledger cash account =
( $4,000+ $1000+ $40+ $300- $20= $5320)
The real interest rate would be 5%.
You are getting 8% interest and losing 3% due to inflation= 5%
Answer:
D. go on vacation to the beach
