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3 years ago

Which of the following applies to the "value of money"?

Business

2 answers:

Norma-Jean [14]3 years ago

6 0

Answer:

The answer is iii. That is, value of money lies on the quantity of goods and services that a unit of money are able to exchange for

Explanation:

Money is valuable seemly because of its purchasing power. In other words, its value depends on how much goods and services a unit of currency may purchase. Subsequently, their purchasing power fluctuates following the variation in price level.

Once price level is going up, money has less value - that is a unit of money can purchase less products and services, or that currency is depreciated. Once price level is going down, money has more value - that is a unit of money can purchase more products and services, or that currency is appreciated.

butalik [34]3 years ago

5 0

Answer: The answer is i and iii

Explanation:

The value of money is whatever money can be exchanged for. This refers to the purchasing power of money, if there is a rise in prices, it means the value of money has fallen and a fall in prices means that the value of money has risen. Therefore, we can say that the value of money depends primarily on the general price level for goods and services. One of the qualities of money is that it has no intrinsic value, this means that money should have little or no value different from its value of exchange of goods and services. Therefore, money should be wanted not because of its value but because of its value as a medium of exchange.

The value of money is inversely proportional to the general price level for goods and services. The value of money is therefore measured by using the price index such as consumer price index, wholesale price index, cost of living index, and the GDP index.

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Answer:

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Explanation:

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2 years ago

Employees are required to take vacations. 2. Any member of the sales department can approve credit sales. 3. Paul Jaggard ships

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Answer:

1. This is an example of the practice of good human resource principles

2.This is an example of poor establishment of responsibilities

3. This is an example of lack of segregation of duties

4. This is an example of independent internal verification

5. This is an example of the practice of physical control

Explanation:

1. Employees are required to take vacations.

This is an example of the practice of good human resource principles

2. Any member of the sales department can approve credit sales.

This is an example of poor establishment of responsibilities

3. Paul Jaggard ships goods to customers, bills customers, and receives payment from customers.

This is an example of lack of segregation of duties

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5. Time clocks are used for recording time worked by employees.

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