All categories

4 years ago

What are the three basic functions of money ?

2 answers:

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]4 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!

You might be interested in

The Commerce Department reported that in December 2015, retail sales rose by 0.2, net exports decreased, inventories held by bus

Fiesta28 [93]

*ANSWER*

The answer is A

*EXPLANATION*

3 0

4 years ago

You’ve been asked to add a new customer for your client in their QuickBooks Online company, so, you go to the Sales Center and s

sveticcg [70]

Answer:

(2) Select the add customer button

(7) Select payment and billing

Explanation:

we know here client ask for add a new customer in Quick Books

so we first enter the basic detail of customer like name phone number email id address etc after that we select the add customer button after that also we can edit customer more details

then we have to select customer name from list and then select the edit button that is given top right corner

and if customer is not taxable then we need to enter re seller no whatever they provided

after that we select for payment and billing icon and select payment of method is credit card

last we save it

3 0

3 years ago

Classify each of the following costs as a period cost or an inventoriable product cost. If you classify the cost as an inventori

ella [17]

Answer:

A) Standard packaging materials: Product - DM

B) Lease payment on administrative headquarter: Period

C) Telephone bills (customer service): Period

D) Property insurance (40% of building is used for S&A): Period

E) Property insurance (60% of building is used for manufacturing): Product MOH

F) Wages and benefits paid to assembly-line workers: Product DL

Explanation:

Period costs are not include in the COGS and are generally included under sales and administrative costs.

Product costs are costs incurred in the production of a good or service.

6 0

4 years ago

A company is targeting its marketing by running an advertising campaign showing a hmong family celebrating its traditions during

salantis [7]

The area of the consumer decision that is being used by this company is the target of American culture, an ethnic subculture, and family.

<h3>What is consumer decision?</h3>

This is the term that is used to refer to the decisions that are being made by people in the consumption of goods and services.

People make these decisions based on their families, their culture and the area that they find themselves.