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What country does Raul, known footballer come from?
Weegy: Raul Gonzalez was born in Madrid. (More)
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Asked 4/24/2012 2:50:15 PM
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Statd the three motives for holding money
Weegy: Economists have identified three primary motives for holding money: • To settle transactions, since money is the medium of exchange. • As a precautionary store of liquidity, in the event of unexpected need. [ • To reduce the riskiness of a portfolio of assets by including some money in the portfolio, since the value of money is very stable compared with that of stocks, bonds, or real estate. ] (More)
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Asked 4/25/2012 3:38:18 AM
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Mention two determimats of each of the motives for holding money
Weegy: 1. Transactions Motives - this is the most obvious reason for holding money. [ We need money to be able to spend it, and so hold balances of money appropriate for that.Like the amount of money that you have in your pocket,wallet or purse. 2. [ Precautionary Motives - we also hold money in case we need to spend it. Unexpected bills or contingencies may mean that we need to hold a little extra money in case. Like the money we hold in banking accounts. 3. Speculative Motives - People have to decide how they are going to hold their money. There are of course a number of different ways, which can briefly split it intointerest bearing assets or non-interest bearing assets. Theinterest rate and the ease of access may be two important factors in determining this decision. The speculative demand for money is the amount held for the potential purchase of assets. ] ] (More)
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Asked 4/25/2012 4:02:02 AM
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What is an economic system
Weegy: Economics is the social science that analyzes the production, distribution, and consumption of goods and services. [ The term economics comes from the Ancient Greek ????????? (oikonomia, "management of a household, administration") from ????? (oikos, "house") + ????? (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] Political economy was the earlier name for the subject, but economists in the latter 19th century suggested 'economics' as a shorter term for 'economic science' that also avoided a narrow political-interest connotation and as similar in form to 'mathematics', 'ethics', and so forth. Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction, studying it often reveals why people and governments behave in particular ways. There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. Macroeconomics, on the other hand, takes a much broader view by analyzing the economic activity of an entire country or the international marketplace. ] (More)
Question
Updated 2 days ago|4/24/2015 7:09:07 AM
1 Answer/Comment
An economic system is a system of production and exchange of goods and services as well as allocation of resources in a society.


Added 2 days ago|4/24/2015 7:09:07 AM
Visible balance is known as what
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Updated 2/20/2014 6:33:25 AM
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Visible balance is known as the balance of trade in goods.

Added 2/20/2014 6:33:24 AM
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