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, ...
What are the three functions of money? Which functions is the most important?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...
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
D. success in one’s profession is latest important in one’s life Passage 3 Questions 11 to 15 are based on the following passage: About 70 million Americans are trying to loss weight. That is almost 1 out of every 3 people in the United States. Some people go on ideas. This means...
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...
Municipal bonds, or “munis” for short, are essentially loans that you give to your local government (like your city or town) to help it pay for public projects such as roads, bridges, and buildings. In return for the use of your money, your local government promises to pay you interes...
Other Functions The accounts payable department also works to reduce costs by developing strategies to save a business money. For example, paying an invoice within a discount period that many vendors provide. AP is also a direct line of contact between a business and its vendor representatives. ...
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 ...
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). ...