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Neporo4naja [7]
3 years ago
7

Luis, marlon, and victoria are counting money. they each have the same amount in dollar bills, quarters, dimes, nickels, and pen

nies. they take turns matching amounts in different ways. luis sets aside two dollars in dollar bills. marlon makes the same amount with eight quarters. victoria makes the same amount with one dollar bill and 10 dimes. this exercise best illustrates which function and which characteristic of money
Business
2 answers:
Olegator [25]3 years ago
5 0

Correct Answer is A) Standard and divisibility

Hoochie [10]3 years ago
4 0
The characteristics is its divisibility: money can be divided into smaller parts and the sum of those parts has the same value as the original money. Here we see that different people have the same amount of money in different forms.

Other characteristics of money are its durability, transportability and the resistance to being faked. 
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The statement given is TRUE:

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2 years ago
Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.
OverLord2011 [107]

Answer:

Present Value= $15,874.25

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Giving the following information:

Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.00 years?

<u>This is a rare case where the interest rate is negative:</u>

Interest rate= 0.03 - 0.06= -0.03

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Read 2 more answers
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