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Dafna11 [192]
3 years ago
6

What are the three basic functions of money ?

Business
2 answers:
Naddika [18.5K]3 years ago
7 0

Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.

Pavlova-9 [17]3 years ago
7 0

Answer:

(1) Medium of exchange

Money can be used in exchange for goods and services. This reduces transaction costs by a huge margin because people no longer need to barter.

2) Store of value

Money can serve as a store of value. That means, it can be used to transfer buying power into the future.

(3)  Unit of account

Money is also a measure of economic value. Every good you can buy in a shopping center has a price tag on it. Thanks to that we can easily compare the value of completely different goods.

Explanation:

Hope this helped! Thank me with a <3, crown, or both!

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The purpose of the liberty loan campaign illustrated in the drawing above was to
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Answer:

The correct answer is Finance American involvement in the First World War.

Explanation:

Apart from war bonds, there was another source of financing for the First World War which consisted of borrowing very high amounts in order to be paid in a relatively short period of time. With the bonds, a series of obligations of the states are acquired that must be fulfilled in a period of time and at a determined interest rate.

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Answer:

(a)<u> Backward vertical integration</u> (b) <u>Forward vertical integration</u> (c) <u>Backward vertical integration</u>

Explanation:

(a) An academic medical center is an example of backward vertical integration. The specialist and faculties from the university will provide treatment to the patients. Such medical centers have tertiary service with several intermediaries.

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(c) A manufacturer of durable medical equipment will supply to retailers who in turn supply these to hospitals where the patients will receive service from these equipment. So, it is an example of backward vertical integration.

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4 years ago
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Answer:

"Direct Method" is the right answer.

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Review labor costs downwards

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Janet and Omar should consider revising their budget for labor downwards. In the current state, labor costs are $1000, which is approximately 57 percent of all costs. As a rule of thumb, labor costs should be between 25 to 35 percent of total costs. This implies that Janet and Omar's labor costs are very high in relation to the other costs.

Janet and Omar should aim for a profit. Ideally, a 25 to 30 percent profit is a good target for such a business. For this to happen, they need to cut down labor to between $300 to a maximum of $400.

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