Money acts as (1) a medium of exchange—enabling the purchase of goods and services, (2) a store of wealth—the ability to delay purchase yet maintain wealth, and (3) a unit of account—the assignment of a monetary value to goods and services permitting a comparison of relative value, ...
Functions of MoneyThe term money is used to describe anything that is a legal tender and with general acceptance in the exchange of products and services in economic transactions. The adoption of money has made trade and flow of resources from different regions easy and efficient...
问答题What are the three major functions of money Describe how drastic inflation can undermine the ability of money to perform these three basic functions. 参考答案:Money acts as (1) a medium of exchange—enabling the purchase... 点击查看完整答案 ...
Money:Money is an asset presented in the financial statements as part of the cash and cash equivalents. It is the most liquid asset in the market, and it function as a unit of account, a store of value, and a medium of exchange....
The functions of money Money has three main functions: First, it is a medium of exchange. Second, it is a unit of account. And third, it acts as a store of value. Every element of society uses money as a medium of making exchanges. For example, producers sell their goods to wholesale...
Three tenths of the money is spent on books. What fraction of the money is left? A. Seven tenths B. Four tenths C. Six tenths D. Eight tenths 相关知识点: 试题来源: 解析 A。十分之三的钱花在了书上,那么剩下的就是十分之七。B 选项十分之四不对;C 选项十分之六错误;D 选项十分之...
Three methods used in capital budgeting are discounted cash flow analysis, payback analysis, and throughput analysis. The three most common metrics used in project selection are payback period (PB), internal rate of return (IRR), and net present value (NPV). ...
Above all, money is a unit of account - a socially accepted standard unit with which things are priced. Medium of Exchange Before the development of amedium of exchange—that is, money—people would barter to obtain the goods and services they needed. Two individuals, each possessing some goo...
Daniel has an egg, Mille has two eggs, I have three eggs, so we say, 'I have ___ eggs.' [ ] A. more B. most C. the most D. the fewest 查看完整题目与答案 What are the father’s personal experiences associated with eggs in Sherwood Anderson’s “The Eggs”? A. nurtu...
The basic function of money is the enable buying to be separated from selling, thus permitting trade to take place without the so-called double coincidence of barter. If a person has something to sell and wants something else (1) return, it is not necessary to search for someone able and...