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3 years ago

When money is used to express the value of goods and services, it is functioning as a?

2 answers:

8 0

The term money is used to describe anything that is regularly used in economic transactions or exchanges.
When money is used to express the value of goods and services, it is functioning as a unit of account.
This is the primary function of money, to be used a unit by which value of a thing is accounted and compared.

mamaluj [8]3 years ago

3 0

Unit of account. The unit of account is used in economics to measure currency that is being used to represent the real value or cost of an economic item. These items can be goods, services, assets, liabilities, income and/or expenses. Units of account is one of the three well-known functions of money.

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Mark each statement if it correctly describes facts about China during the Sui dynasty.

Gemiola [76]

The correct answer for the question that is being presented above is this one: E. One reason that Chinese peasants were ready to rebel is that the emperor had used them as forced labor to achieve his goals. B. The Sui dynasty reunited China in the sixth and seventh centuries by combining existing laws into a single legal code.

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3 years ago

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MAVERICK [17]

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2 years ago

He decides to take the company public through an IPO, issuing 2 million new shares. Assuming that he successfully completes the

Salsk061 [2.6K]

Answer:

$36.79

Explanation:

Calculation to determine What will be the IPO price per share

First step is to calculate the Cumulative shares

Cumulative shares = 375,000 + 400,000 + 250,000 + 400,000 + 2 million

Cumulative shares = 3.425 million

Now let calculate the IPO price

IPO price = $14 × $9 million / 3.425 million

IPO price= $36.79

Therefore What will be the IPO price per share is $36.79

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3 years ago

As the price level rises, the purchasing power of households' real wealth will , causing the quantity of output demanded to . Th

andreyandreev [35.5K]

Answer:

As the price level rises, the purchasing power of households' real wealth will fall, causing the quantity of output demand to fall. This phenomenon is known as the wealth effect.

Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to rise in foreign exchange markets. The number of domestic products purchased by foreign (exports) will therefore fall, and the number of foreign products purchases by domestic consumers and firms(imports) will rise.

Net exports will therefore fall, causing the quantity of domestic output demanded to fall. This phenomenon is known as the exchange rate effect.

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3 years ago

Type the correct answer in the box. Spell all words correctly.

Ganezh [65]

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3 years ago