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
Money serves three essential functions which include all of the following EXCEPT: a. medium of exchange c. store of value b. measure of value d. barter
Weegy: Money serves three essential functions which include all of the following EXCEPT: barter. (More)
Question
Updated 184 days ago|9/25/2014 7:45:32 AM
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
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
20,156,008 questions answered
Popular Conversations
Tissues arranged together make up _____, which, when functioning ...
Weegy: Tissues arranged together make up ORGANS, which, when functioning together in groups, make up SYSTEMS. User: ...
3/27/2015 1:09:34 PM| 7 Answers
Perform the indicated operation. 3 + (-4) 1 -1 7 -7
Weegy: 3 + (-4) = 3 - 4 = -1 User: Evaluate BD for A = 5, B = -2, C = 4 and D = -6. -12 -8 8 12 Weegy: If A = 5, B ...
3/28/2015 4:37:41 AM| 7 Answers
The Ramayana is a text from ...
Weegy: The Ramayana is a text from India. User: The following question references Chapter 4 of The Three Musketeers ...
3/27/2015 5:43:33 AM| 2 Answers
The Preamble is the __________. A. introduction to the ...
Weegy: The Preamble is the introduction to the Constitution. User: Federal is defined as __________. A. the ...
3/27/2015 6:43:00 AM| 2 Answers
What was the first armed conflict of the Cold War? A. the Korean ...
Weegy: The Korean war was the first armed conflict of the Cold War. User: What was the outcome of the Vietnam ...
3/27/2015 11:35:25 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 1270 [Total 9156]| Ratings 0| Comments 1270| Invitations 0|Offline
S
1
L
Points 622 [Total 1533]| Ratings 6| Comments 562| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 475 [Total 7782]| Ratings 8| Comments 395| Invitations 0|Offline
S
1
L
L
Points 450 [Total 7951]| Ratings 0| Comments 450| Invitations 0|Offline
S
Points 401 [Total 906]| Ratings 10| Comments 291| Invitations 1|Offline
S
L
Points 353 [Total 1475]| Ratings 2| Comments 333| Invitations 0|Offline
S
Points 199 [Total 567]| Ratings 3| Comments 169| Invitations 0|Offline
S
Points 58 [Total 58]| Ratings 0| Comments 58| Invitations 0|Offline
S
Points 42 [Total 158]| Ratings 4| Comments 2| Invitations 0|Offline
S
Points 35 [Total 126]| Ratings 0| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.