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 ...
the medium of exchange;the unit of account;the store of value
Outsourcing is the process of hiring a company or individual to perform a task or service that could be performed by internal staff. Outsourcing is often used to save money, but it can also be used to improve efficiency or free up resources so that they can be used elsewhere...
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...
A. Americans are dependent on cars B. cars consume a lot of money C. Americans need lose weight D. excess of fat can be a source of energy 14. It can be inferred from the last paragraph that . A. diet books are not always effective B. diet books are usually helpful ...
tomorrow.It is said that words can't describe the beauty of the colorful corals.ManyS:Bye.famous cartoon films were made there.Now we are 24 packing our bags.We canA.1 on't have enough money。enjoy 25 in Cairs tomorrow.I can't wait!B.It's only 10.)16.A.1e且lagrC.largerD.much...
accounts and NOW accounts; and travelers' checks. It also includes other forms of liquid deposits and assets such as savings accounts. This category of money is the narrowest of the three. It is essentially the money used to buy things and make payments (see the "active money" section ...