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Anon25 [30]
3 years ago
11

In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be

autiful and fragile. Everyone agreed that the shells were valuable and the people utilized them in much the same way we use money today. The fragility of the shells and the fact that a shell is difficult to split into smaller denominations would make these sea shells unfit to act as money today because sea shells could not act as a ________.a. Store of Valueb. Unit of Accountc. Medium of Exchange
Business
1 answer:
RUDIKE [14]3 years ago
8 0

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

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topjm [15]

Explanation:

<h3>1.) The internet of things and smart cities.</h3><h3>2.) Artificial intelligence.</h3><h3>3.) Cybersecurity.</h3><h3>4.) Quantum computing.</h3><h3>5.) Risk management.</h3>
5 0
3 years ago
Hulse Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 600 shares of Wade common stock (
kicyunya [14]

Answer:

(a)

                          Dr.          Cr.

Feb 1

Investment     $7,200

Cash                            $7,200

Jul 1

Cash               $600

Dividend Income        $600

Sep 1

Cash               $4,300

Gain on sale                 $700

Investment                  $3,600

(b) Dividend will be shown as other income in the revenue section of Income statement.  Gain on sale of common share will be reported on income statement after operating profit.

Explanation:

Per Share Purchase Price = 7200 / 600 = $12

300 Shares Purchase Price =  $12 x 300 = 3,600

8 0
3 years ago
What is the difference between legitimate and illegitimate compulsion for enrique dussel? Does he consider both to be violence?
KATRIN_1 [288]

Dussel does not consider legitimate compulsion to be malicious, on the other hand he considers illegitimate compulsion.

4 0
3 years ago
2) Company issues
nika2105 [10]

Answer:

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Explanation:

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Generally, advertisements are considered to be a form of promoting an idea, product and services.

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6 0
2 years ago
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liq [111]

Answer:

The correct answer to the following question is Extreme value stores .

Explanation:

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4 0
3 years ago
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