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pickupchik [31]
3 years ago
15

Bitcoin fails to satisfy which two of the three functions of money? Question 3 options: A) medium of exchange and unit of accoun

t B) medium of exchange and store of value C) bitcoin satisfies all of the functions of money D) unit of account and store of value
Business
1 answer:
mojhsa [17]3 years ago
3 0

Answer:

The correct answer is letter "D": unit of account and store of value.

Explanation:

Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.

Three are the functions of money: <em>medium of exchange, store of value, </em>and <em>unit of account</em>. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.

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If there is an increase in market demand in a perfectly competitive market, then in the short run
katovenus [111]

Answer:

The correct answer is option d.

Explanation:

An increase in the market demand will cause the market demand curve to move to the right. This rightward shift in the demand curve will lead to an increase in the market price.

This increase in market price will cause the individual demand curves to move upwards. As the price increases, the profits earned by the firms will increase as well.

Profit to a firm is the difference between its total revenue and total cost, as the price increases, revenue will increase and cost will remain the same. This will cause profits to increase.

7 0
3 years ago
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Flura [38]

Answer:

Following is attached the solution to each part of the given question.

I hope it will help you a lot!

Explanation:

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3 years ago
which is the value of the work actually performed up to a specific point in time, is calculated by multiplying the TBC by the pe
bearhunter [10]

Answer:

The answer is EV (Earned Value)

Explanation:

It is the value of the work actually performed, determining the earned value includes collecting data on the percent complete for each work package, then converting this percentage to a dollar amount by multiplying the TBC of the work package by the percent completed.

I hope these helps, if it does please give brainliest.

3 0
3 years ago
Take it and go don't wast my time
BartSMP [9]

Answer:

thanks man

Explanation:

7 0
2 years ago
Read 2 more answers
ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 3 million shares of common sto
Brut [27]

Answer: $150,000,000

Explanation:

Question is:

What were the total proceeds from the common stock sale?

Total proceeds refer to the total amount that the sale of the stock generated. This means that you should not account for the underwriting fees as of yet but just the amount that came in.

= Number of shares sold * price per share

= 3,000,000 * 30

= $150,000,000

3 0
3 years ago
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