Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Name and describe the essential functions of money.
Weegy: These are the 4 essential functions of money: Medium of Exchange: acts as a medium of exchange hence permits a time interval between buying and selling commodities; thus eliminates need for a ?double coincidence of wants? implied by bartering, [ as one can sell goods and services without simultaneously purchasing. (Most important) Store of Value: Able to perform function as Medium of Exchange because it retains value over time. (Though real value eroded at the rate of inflation the higher inflation gets, the worse it performs this function.) not perfect (infl) but has advantage that in princip: readily divisible. Standard of Deferred Payment: (closely related to Store of Value function) Loans and future payments are agreed and contracted in money terms, as money units are accepted as the means of settling future accounts. But money only adequate if prot. v. inflation so can be store of value. Unit of Account: the unit of account in which prices quoted and accounting records kept. Not essential could use other stable Numeraires but advantage of divisibility. Using 1 commodity as unit of account has efficiency gains with regard to transaction costs considerable reduction in number of independent exchange ratios needed compared to bartering: reduction in info needed for rational trading. ] (More)
Question
Expert Answered
Asked 7/3/2013 12:44:09 PM
0 Answers/Comments
Define barter
Question
Not Answered
Updated 8/7/2013 10:23:46 PM
1 Answer/Comment
Barter - Exchange (goods or services) for other goods or services without using money

Added 8/7/2013 10:23:46 PM
What is commodity money? User: Define barter
Question
Not Answered
Updated 8/7/2013 10:25:31 PM
1 Answer/Comment
Commodity money is money whose value comes from a commodity out of which it is made. It is objects that have value in themselves as well as for use as money.

[en.wikipedia.org/wiki/Commodity_money]
Added 8/7/2013 10:25:31 PM
What is fiat money?
Question
Updated 7/5/2013 9:35:40 PM
1 Answer/Comment

Fiat money
-is money that derives its value from government regulation or law. The term fiat currency is used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be").

Added 7/5/2013 9:36:09 PM
17,375,239 questions answered
Popular Conversations
a line has a slope of -3/5
Weegy: The slope of the line between the points (-3, 5) and (5, 1) is -1/2. Solution: m = y2-y1/x2-x1; m = (1 - ...
9/14/2014 11:26:31 AM| 2 Answers
what opens the insert dialog box in excel
9/14/2014 2:36:49 PM| 2 Answers
Prior to Muhammad’s teachings, Arabs were polytheistic.
Weegy: TRUE. Prior to Muhammad s teachings, Arabs were polytheistic. User: One Thousand and One Nights is a famous ...
9/14/2014 3:41:04 PM| 2 Answers
The National Response Framework (NRF) presents the guiding principles ...
Weegy: Provide the structure and mechanisms to ensure effective Federal support of State, tribal, and local related ...
9/14/2014 6:18:29 PM| 2 Answers
Who is the individual responsible for all incident activities, ...
Weegy: The Incident Commander is the individual responsible for all incident activities, including the development of ...
9/14/2014 6:42:56 PM| 2 Answers
What is the slope of the line whose equation is 12 = 4x – 6y? ...
Weegy: Points A and B lie on the graph of the equation y = 7x. The y-coordinates for each point is: Point A: (-2, -14) ...
9/14/2014 10:52:00 PM| 2 Answers
what is Land Ordinance of 1785?
Weegy: An advantage of the Land Ordinance of 1785 because it provided a systematic division of the land survived at a ...
9/14/2014 11:22:56 PM| 2 Answers
5x-13=3x+15
Weegy: 3x + 17 = 5x - 13; 17 + 13 = 5x - 3x; 30 = 2x; x = 30/2; x = 15 User: 142+8x-1
9/14/2014 11:41:07 PM| 2 Answers
HELLO WEGGY
Weegy: Yes? May i help you? "Weegy is an online artificial being, powered by an advanced search engine and live ...
9/14/2014 12:49:55 AM| 1 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 1580 [Total 25979]| Ratings 4| Comments 1540| Invitations 0|Offline
S
L
1
L
P
C
1
Points 1543 [Total 8074]| Ratings 8| Comments 1463| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1185 [Total 10965]| Ratings 0| Comments 1185| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 1015 [Total 16954]| Ratings 8| Comments 935| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1006 [Total 18178]| Ratings 2| Comments 986| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 398 [Total 11644]| Ratings 0| Comments 398| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 373 [Total 18904]| Ratings 0| Comments 373| Invitations 0|Offline
S
L
Points 365 [Total 1035]| Ratings 0| Comments 365| Invitations 0|Offline
S
1
L
L
Points 344 [Total 5468]| Ratings 4| Comments 304| Invitations 0|Offline
S
P
C
L
P
L
1
Points 45 [Total 6102]| Ratings 1| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.