Market economy is the economic system which private businesses can operate freely with minimal state control
Answer:
unit of account, a store of value, and a medium of exchange.
Explanation:
Functions of money
1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans
2. Unit of account : money can be used to value goods and services, For example, $20 is the value of your favourite jeans
3. Store of value : money can retain its value over the long term, this it can be used as a store of value
Answer:
Explanation:
Required return = (dividend / price per share) + constant growth rate.
Dividend yield on the stock = (dividend / price per share) = 5.5%
Therefore, Required return = 5.5% + 4.2% = 9.7%