Answer: Option (B) is correct.
Explanation:
There are four functions of money are as follows:
(i) Medium of exchange
(ii) Store of value
(iii) Measure of value( unit of value)
Measure of value is a function of money which enables us to measure the value of different goods and services that a consumer wants to buy or seller wants to sell in monetary terms.
Therefore, we can easily measure the value of mp3 player in monetary terms i.e. it is worth two hundred dollars.
Answer:
Fall;rise.
Decrease;selling.
Explanation:
Suppose there is a rash of pickpocketing. As a result, people want to keep less cash on hand, decreasing the demand for money. Assume the Fed does not change the money supply. According to the theory of liquidity preference, the interest rate will fall, which causes aggregate demand to rise.
If instead the Fed wants to stabilize aggregate demand, it should decrease the money supply by selling government bonds.
Answer: 7. intended donee beneficiary
Explanation:
Intended donee beneficiaries are people who are gifted the benefit of a contract they are not involved in by one of the contracting parties. The person who was involved in the contract that gave the gift does not owe the person that the gift was promised to any debts which makes it like a donation. Russ is an intended donee beneficiary who was meant to receive a benefit from a contract between Clark and the Insurance company even though he was not party to it.
Answer: follow up call
Explanation:
From the question, we are informed that a representative from AT&T called Dr. Michaels after he switched to its new U-verse telephone system and that the firm wanted to make certain he was satisfied and asked if he had any questions concerning his new service.
The above is a follow up call. A follow up call is a call that is made after a transaction has taken place or previous enquiry regarding a product has been made in order to know the latest about the product.
