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weeeeeb [17]
3 years ago
8

Explain the concept of money​

Business
1 answer:
jarptica [38.1K]3 years ago
4 0

What is the concept of money?

A generally accepted medium for the exchange of goods and services, for measuring value, or for making payments. Many economists consider the amount of money and growth in the amount of money in an economy very influential in determining interest rates, inflation, and the level of economic activity.

How does the concept of money work?

Money is supposed to serve three main purposes: 1) a medium of exchange, 2) a store of value, 3) a unit of account. The exchange value of money equals the amount of goods and services it can be traded for at any given moment, popularly called its purchasing power.

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Which institutes offer two-year programs that enable students to obtain an associate degree?
ehidna [41]

Community colleges offer two-year programs that enable students to obtain an associate degree. Community colleges are smaller colleges within each community that will allow a person to go to college and study for an associates degree. After the completion of the associates degree, the student can continue their education at a four year college or join the workforce.

3 0
3 years ago
McGlothin Inc. is considering a project that has the following cash flow data. What is the project's payback?Year 0 1 2 3Cash fl
telo118 [61]

Answer:

c. 2.30 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $1,150 (Initial investment)

In year 1 = $500

In year 2 = $500

In year 3 = $500

If we sum the first 2 year cash inflows than it would be $1,000

Now we deduct the $1,000 from the $1,150 , so the amount would be $150 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $500

So, the payback period equal to

= 2 years + ($150 ÷ $500)

= 2.30 years

In 2.30 yeas, the invested amount is recovered.

8 0
3 years ago
Which of these savings/investing options has the highest risk
Pavlova-9 [17]

Answer:

STOCKS

Explanation:

US government bond is a government security, therefore the government print more money to pay those who invest in it.

In addition bondholders are creditors of a corporation.

Stockholders, are part owners of a company. In case of bankruptcy, bondholders are given priority.

Savings accounts are protected by the Federal Deposit Insurance Corporation (FDIC) provisions.

Money market accounts are a safe investment because they are insured by the FDIC.

Therefore the investment option that has the highest risk is stocks.

7 0
4 years ago
The following are some changes that may take place in the market for textbooks. For each of the following, indicate what will ha
Butoxors [25]

The demand curve will shift right.

(b.)The supply curve will shift right.

(c.)The demand curve will shift left

(d.)The supply curve will shift right.

(e.)The demand curve will shift left.

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period. A common representation will have the price on the left-hand vertical axis and the amount needed on the right-hand horizontal axis. The law of demand states that, when all other factors are equal, the quantity demanded for a given good will decrease as its price rises as shown by the demand curve moving from left to right. Keep in mind that this formulation suggests that quantity is the dependent variable and price the independent variable. The independent variable often appears on the horizontal axis, or x-axis, although economics is an exception.

Learn more about demand curve here

brainly.com/question/14252371

#SPJ9

7 0
1 year ago
Why are brand names and advertising important features of monopolistic​ competition? A. Both of these techniques are needed to c
GenaCL600 [577]

Answer:

B. Both of these techniques can be used to increase the demand for the product.

Explanation:

A catchy brand name and adequate marketing of a product plays a vital role in the relative demand of that product. Coca cola for example has properly advertised its products for decades now and when one thinks of beverage, you think Coke. It's been embedded in ones mind and that is the advantage of proper advertising and proper brand naming.

7 0
3 years ago
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