3 The origin and functions of money.(Commentary on the Resolution of Money)(Report)Emery, Jeannine
When aluminum was first produced about a hundred and fifty years ago, it was so difficult to separate form the ores in which it was found that its price was higher than that of gold. The price remained high until a new process was discovered for refining the metal with the aid of electr...
Economics of Money, Banking, and Financial Markets, 12e (Mishkin)Chapter 3 What Is Money?3.1 Meaning of Money 1) To an economist, ___ is anything that is generally accepted in payment for goods or services or in the repayment of debt.A) wealth B) income C) money D) credit An...
howmoneyiscurrentlymeasured.LearningObjectives3.1Describewhatmoneyis3.2Listandsummarizethefunctionsofmoney3.3Identifydifferenttypesofpaymentsystems3.4CompareandcontrasttheM1andM2moneysuppliesMeaningofMoney(1of2)Money(orthe“moneysupply”):anythingthatisgenerallyacceptedaspaymentforgoodsorservicesorintherepaymentofdebts....
01 Unit2 Topic3 单词点击上方绿标即可收听音频◆ ◆ ◆ protection [prəˈtekʃ(ə)n] n.保护,防卫 organization [ɔːɡənaɪˈzeɪʃ(ə)n] n.组织;团体;机构 recycle [riː'saɪkl] n.回收...
1.Recycling can protect the environment,andit can save money, too.回收再利用能保护环境而且能节约资金。 2.people produce power from coal,butit is very dirty and causes acid rain.人们用煤来生产动力,但是这种方法很脏并且...
helping students improve their understanding and prepare for quizzes and tests. Draw-graph exercises encourage students to practice the language of economics. • Learning Resources—Personalized learning aids such as Help Me Solve This problem walkthroughs and Figure Animations provide on-demand help...
11、rn more money.Answer: CAACSB: Analytical Thinking3.2 Functions of Money1) Of moneys three functions, the one that distinguishes money from other assets is its function as aA) store of value.B) unit of account.C) standard of deferred payment.D) medium of exchange.Answer: DAACSB: Reflec...
2、al collection of pieces of property that serve to store value. Wealth includes not only money but also other assets. Income: flow of earnings per unit of time (a flow concept,Functions of Money,1. Medium of Exchange: Used to pay for goods and services. Eliminates the trouble of findin...
1.You have to pay for the credit card loans by the end of each month. (✓) 2.Using a credit card to pay is spending free money. (X) 3.lts easy to get a credit card but hard to make ends meet. (✓) 4.lf you suffer from a deficit this month, you simply have to pay ...