All categories

3 years ago

Match the given terms to the appropriate statement relating to the various functions of money. Each term is used only once.

Business

1 answer:

chubhunter [2.5K]3 years ago

7 0

Answer:

A,)Unit of Account

B)Standard of Deferred Payment:

C)Store of Value

D)Medium of Exchange:

Explanation:

1. Unit of Account ( this explains that good can be measured for a value)

2. Standard of Deferred Payment( it explains that one can make purchase now and pay later)

3. Medium of Exchange( overall purchasing power is attributed to money)

4. Store of Value( Money is used to complete the transaction between the buyer and seller.

You might be interested in

An economy has $10 trillion in consumption, $2.5 trillion in investment, $3 trillion in government purchases, $1 trillion in exp

barxatty [35]

Answer:

$15 trillions

Explanation:

The computation of the GDP is shown below:

GDP = Consumption + Investment + Government purchase + Net exports

where,

Consumption = $10 trillions

Investment = $2.5 trillions

Government purchase = $3 trillions

Net exports = Exports - imports

= $1 trillion - $1.5 trillion

= -$0.5 trillion

So, the GDP would be

= $10 trillions + $2.5 trillions + $3 trillions - $0.5 trillions

= $15 trillions

= 13.5 trillions

3 0

3 years ago

Nico wants to buy a new digital camera for his semester studying abroad but he knows very little about cameras, having never own

Darina [25.2K]

Answer: External research

Explanation:

External research is referred to as or known as a research conducted when an individual does not have any prior knowledge or information about a commodity or product, which further leads the individual to seek data and information from the personal sources such as friends or family and also the public sources i.e. online forums or in other cases the marketer dominated source i.e. sales persons especially at times when an individual’s previous experience is known to be limited.

3 0

3 years ago

Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over

kow [346]

Answer:

For Maths;

The student would increase time studying for maths.

For English;

The student would increase time studying for English.

Explanation:

This is the case in both cases because there's a certainty that the student earns an A in both cases if he puts in the equivalent $ amount worth of effort.

The student's ability to adapt to change comes under great test over the next 6 weeks in other to get an A in the math and English classes.

7 0

3 years ago

If you walk into a(n) __________, you will likely find a broad variety of merchandise, deep assortment, and customer service, wi

Naily [24]

Answer:

department store

Explanation:

A department store is a type of retailer that offers a wide range of diverse products. Each product group is classified into a department, thus the name "department store". When customers buy products, they usually check out near the exit of the whole department store, although there are some check-out counters in each department. Also, customer service is always present, mostly in the form of numerous sales clerks providing a helping hand.

They can include almost any range of products: toiletries, furniture, home decor, clothes, toys, hardware... Some famous examples are: Le Bon Marché in Paris, Selfridges in the UK, Macy's in the USA...

On the other hand, a discount store usually offers a broad product range, low prices, but little to none customer service. Specialty stores have a narrow target group as they offer a limited assortment.

5 0

3 years ago

There are two ways of calculating present and future values when there are multiple cash flows. Both approaches are straightforw

Vsevolod [243]

Answer:

bb bnb hb

Explanation:

mn mn nm mn mn mnbhvgcgfcgcbvcgfcvbvbvbv

3 0

3 years ago