Produce some questions in your head you think he should be asking and answer them to him
Answer:
d. mostly relevant to the long run.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The principle of monetary neutrality typically based on the idea that changes in any stock of money would affect only nominal variables such as exchange rate, wages and price in the economy of a particular country.
Most economists believe the principle of monetary neutrality is mostly relevant to the long run.
Answer:
Products and services move downstream from a supplier to a customer.
Explanation:
Dave a regular shopper at Colric Inc., placed an order for five T-shirts. However, when the order arrived, Dave discovered the T-shirts were defective. So he returned the order and requested replacements from Colric. This scenario shows an exception to the aspect of supply chain that products and services move downstream from a supplier to a customer.
Answer:
The answer is orally and reasonably.
Explanation:
The CISG provides that an offer will be irrevocable if the offeror states ORALLY that the offer is irrevocable or if the offeree REASONABLY relies on the offer as being irrevocable.