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, ...
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 wholesalers (in exchange for mo...
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 ...
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...
the medium of exchange;the unit of account;the store of value
What is money? What is the difference between money, income and wealth? What determines the value (domestic purchasing power) of money? What are the main characteristics of money market securities? What are the main features of developed economies? What are the three...
How Is Money Measured? Exactly how much money is out there, and what forms does it take? Economists and investors ask this question to determine whether there is inflation or deflation. Money is separated into three categories so that it is more discernible for measurement purposes: ...
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...
Once the President signs off, it’s up to the Department of the Treasury to issue bonds, notes, and bills, collect tax revenue through the Internal Revenue Service (the IRS is a bureau within the Treasury), and ensure money is disbursed in accordance with the spending. There are three ...
Another major advantage of using the payback period is that it's easy to calculate when thecash flowforecasts have been established. There are drawbacks to using the payback metric to determine capital budgeting decisions, however. The payback period doesn't account for thetime value of money (...