What is a commodity money system? What backs the U.S. dollar? Include the distinction between commodity money and fiat money in your answer. What do you understand by the term "fiat money"? Which of the following types of money is not self-equilibrating? a. commodity b. representat...
a. Social... Question: Which of the following is the most important resource for a start-up activity? a. Social recognition. b. Land. c. Personnel. d. Money. Business Resources: Business resources are required for companies and entrepreneu...
According to the passage,has the greatest degree of control in an admin-istered system. A. individual households B. small businesses C. major corporations D. the government4. Which of the following is not mentioned by the author as a criterion(标准) for deter-mining a person's place in ...
The American economic system is organized around a basically private-enterprise,market-orientedeconomy in which consumers largely determine what shall be produced by spending their money in the marketplace for those goods and services that they want most.Private businessmen, striving to make profits, ...
Which of the following are true?When a commodity with intrinsic value becomes money, it is called commodity money .;Money without intrinsic value is called fiat money.;Check is costly and time-consuming to process.
currency worthless. However, commodity money is also susceptible to inflation or deflation when the availability of the underlying currency changes. Both types of currency can experience undesirable changes in value, although fiat money can be more prone to inflation because it can be printed at ...
a肯定不在家 Definitely is not at the home [translate] aAre you a feeling dirty? 您是否是感觉肮脏? [translate] aWhich of the following time is proper if you want to make an appointment with your friend in the U.S. A.? 哪些以下时间是适当的,如果您在美国想要定一次约会与您的朋友。 A....
D. difficulties for the traders 4. According to the passage, who has the greatest degree of control in the administered system? A. Individual households. B. Small businesses. C. Major corporations. D. The government. 5. Which of the following is not mentioned by the author as a crite...
Money MONEY a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed, as cA.H.M
Questions 57 to 61 are based on the following passage. My father’s reaction to the bank building at 43rd Street and Fifth Avenue in New York city was immediate and definite: “You won’t catch me putting my money in there!” he declared, “Not in that glass box!” Of course, my ...