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allsm [11]
4 years ago
5

Suppose a merchant in a moneyless economy trade has goods for large amount of purple fabric. He intended to use the fabric to tr

ade for other goods in another location. Well he traveled to the other market Place, however, A trade ship arrived with a large shipment of purple fabric. As a result, The merchant was only able to trade his fabric for about half of what he had expected it to be worth in return. This situation illustrates the need for what aspect of the purpose of money?
A. Unit of measure

B. Preservation of value

C. Government endorsement

D. Ease of exchange
Business
2 answers:
spayn [35]4 years ago
4 0

Answer:

Preservation of value.

Explanation:

Money is a medium of exchange that is generally acceptable for transactional purposes.

As seen in the scenario , money may not necessarily be cash as some other items can be used as a medium of exchange in a trade by barter agreement so far the items has the features of money and acceptable.

However , one thing that could be pointed out in the transaction in the scenario is a loss of value of the purple fabrics before the transaction could take place as a result of sudden arrival of a trade ship that caused a surplus in the fabrics , and at the end , it could not achieve as much as was expected.

Therefore the need for the preservation of value of money is necessary and needed

Goshia [24]4 years ago
3 0

Answer:

B) Preservation of value

Explanation:

This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.

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7 0
2 years ago
I was doing good until this question
IrinaVladis [17]

i believe it is all but 2

7 0
3 years ago
Market value per share is:
vesna_86 [32]

Answer:

The answer is a. Market value per share is the price at which a stock is bought and sold.

Explanation:

For shares that are listed in the stock exchange, the market value per share is the price of share at which share is currently traded. In other words, this is the fair value of the share and at this price, share can be readily sold or bought.

(b) is not correct because it describes the commitment (usually made by an investment bank) to purchase newly issued shares at predetermined price when those shares are not purchased by other investors in the market.

(c) describes a type of stock rather than the definition of market value per share.

(d) describes Preemptive right rather than the definition of market value per share.

6 0
3 years ago
2020 Advanced Exam - Advanced Scenario 7: Travis and Sylvia Kennedy - Question 2 of 9. 21. The total taxable interest on Form 10
vlabodo [156]

Answer:

$140

Explanation:

Form 1040 is used to report IRS about the taxable income that U.S. tax payers has received. It is a form of Income tax in United States. The form must be filled and signed by 15th April every year.

6 0
3 years ago
Mauve Company permits employees to occasionally use the copying machine for personal purposes. The copying machine is located in
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This is a <u>false</u> statement.    

<u>Explanation</u>:

The employees of Mauve Company are permitted to use the copying machine in the office for personal purpose occasionally. The copying machine is placed in the room where the higher officials work. So the use of the machine was limited. It is difficult for the low wage employees and employee working in warehouse to use the copying machine as the machine is placed in high official’s room. So the low wage employees never use the copying machine. The use of the copying machine may not be excluded from gross income as the benefit is unfair.

3 0
3 years ago
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