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There are four functions of money, # Medium of exchange: value for the use of factors of production, make transaction process easier. # Standard Unit of Account: Money is used as a numeric to determine the value of goods and services, i.e. cloth/meter, sugar/kg, oil/liter is not unique but the value of the goods and services can be express in units of dollars. # Store of value: value refers to the power that's able to satisfy the consumers by buying goods and services. Value can increase or decrease if interest rate is higher or lower than inflation. # Standard of deferred payment: Transaction can be take place over a period of time, it is necessary for a standard unit to pay such deferred payment. Ø Installment Ø On Credit Ø Down payment
I am editing this part, because he did not answer your question, but the weakest is the third because it changes so often and erratically. Also most economics courses only cover the first three, since the fourth is merely a form of the first.
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In what part of the country was support for the War of 1812 the weakest?
The New England states did not support the War because because they would lose money and trade.
How did the world economy affect your economy and your industries?
If the world economy is good, then money flow is most likely vibrant which means that people everywhere are willing to buy and sell products, start new businesses, etc. Money flow allows countries' economies to grow and stay healthy. More money flow means that everyone is buying from everyone else, which means that everyone wins in the end. Think of all the world's economies like a metal-link chain. The chain is really only as strong as the weakest link (aka the weakest country's economy). When the link breaks (aka country goes in a recession), all the other links fall apart because they are no longer connected. All the other countries need that economy to do well because they do business with that country and need them to buy and sell products in order to keep the money flow alive.
Why is money so important?
Money is Important because no one can even imagine without money. For there is nothing which can be buy without money. Sarted from morning brush and end with night bulb switch everything is bought only by Money. Just imagine what can you do if there some body ill and you have no money or there is marriage in your family and you have no have money. Someone rightly said that there is greater thing than money but they also be bought by money.
Where is money printed?
Money is printed at the MINT
What was 'usurers' in context of Germany?
money lenders
How does the purchasing function interact with other functions of the organization?
It saves money (expenditures).
Explain the derivative functions of money?
Explain the derivative functions of money?
Discuss the function of money?
Discuss the function of money
What are two primary functions of business?
The main function of a business is to make money for their stockholders. Another function of a business is to sell quality products to customers.
What is functions of monney?
Money is used as a substitute for trading. With money, you are able to diversely choose what it is you want to buy. Before the creation of money, you would have to use what you had to trade for what you wanted. If the other trader did not have interest in what you were trading, they could choose not to trade with you for what you had. The function of money therefore is to make it easier to get what you want.
What the three functions of money?
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
What are the three functions of money?
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
What is the primary function of a debt lawyer?
There are a variety of primary functions of a debt lawyer. Some of these functions include the use of legal methods to help the companies to recover money that is owed to them.
What is asset function of money?
The asset function of money is Hope. Hope will help you reach your goals.
Which of these functions of money allows to save their money to use in the future?
storehouse of value
What are the 3 functions of money?
jmm
What is functions in home economics?
MONEY
