All categories

2 years ago

Functions of money and barter

Business

1 answer:

blagie [28]2 years ago

7 0

Solution :

When the people of this economy trades three of their goods, the price of the good must list 1 price and then the economy requires 3 prices for the people to carry transactions.

Suppose the number of the goods that people trade increases to 15 number, then the price of the goods must list one price and the number of the price that the economy requires increases to 15.

Money has an intrinsic value and it is the unit of account, while that of the currency is the measure of the value and have a purchasing power that government is bestowed on it being a legal tender.

The store of the value characteristics is negatively impacted. But because the ongoing increase in the cost of the standard implies inflation that means that the value of the assets as accounted by the store has a value function as the money decreases.

Even when the cost of the living increases, the money serves as the best medium of exchange and a unit of the account.

Double coincidence of the wants is the barter system that is required.

You might be interested in

Known as ____________________________________________ these ethical standards emphasize preventing unlawful behavior by increasi

QveST [7]

Known as compliance-based ethic codes these ethical standards emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers.

Compliance-based ethical codes are those that outline moral requirements with an emphasis on preventing unethical activity by tightening regulations and punishing offenders. Integrity-based ethical codes are those that specify an organization's guiding principles and foster a culture that encourages moral behavior. A compliance-based code of ethics is created to ensure that the company and its personnel abide by all rules and regulations properly. The prevention, detection, and punishment of non-compliant conduct are three important components. For instance, Jeremy's compliance-based code might forbid his employees from materially misrepresenting the truth when acting in the course of their job.

Learn more about Compiance based Ethic code here:

brainly.com/question/14260293

#SPJ4

5 0

10 months ago

What a primary cause of inflation

lesantik [10]

Excess aggregate demand (AD)

Quick economic growth.

5 0

2 years ago

Suppose you are a supply chain manager for De Beers Diamond co., and your job is to order components for a manufacturing facilit

Fed [463]

Answer:

100 units

Explanation:

Given that,

Annual demand (D) = 500 units

Ordering cost (S) = $5 per order

Holding cost (H) = $0.50 per unit per year

Optimal order quantity(Q):

$=\sqrt{\frac{2\times D\times S}{H}}$

$=\sqrt{\frac{2\times 500\times 5}{0.50}}$

$=\sqrt{\frac{5,000}{0.50}}$

$=\sqrt{10,000}$

= 100 units

So, the optimal number of diamonds to be ordered is 100 units.

4 0

2 years ago

Leslie hypothesizes that teenagers who read magazines develop low self-esteem because of the unrealistic expectations set by the

alexdok [17]

group that has unrealistic expectations and therefore the group with the lowest self-esteem on the confidence scale administered by Leslie

6 0

2 years ago

Read 2 more answers

Hich correlation coefficient is one most likely to find between hours spent studying each week and cumulative gpa among college

8090 [49]

".30" is one most likely to find between hours spent studying each week and cumulative gpa among college students.

The correlation coefficient is a statistical measure that figures the quality of the connection between the relative developments of the two factors. The scope of qualities for the relationship coefficient limited by 1.0 on a flat out esteem premise or between - 1.0 to 1.0. In the event that the relationship coefficient is more prominent than 1.0 or not exactly - 1.0, the connection estimation is inaccurate. A connection of - 1.0 demonstrates an immaculate negative correlation, while a connection of 1.0 demonstrates a flawless positive correlation. A connection of 0.0 shows zero or no connection between the development of the two factors.

3 0

2 years ago