This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Even though we can convert them into money, deposits at banks are not money. Is the previous ... (Read 72 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Even though we can convert them into money, deposits at banks are not money. Is the previous statement correct or not?
 
  What will be an ideal response?

Question 2

The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. The market price of peanuts is 2.00 per pound. What is the marginal product from employing the fourth worker?
 
  A) 7 pounds of peanuts
  B) 100 pounds of peanuts
  C) 400 pounds of peanuts
  D) 2,800 pounds of peanuts


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is incorrect. Some deposits at banks, such as checking account deposits, are a means of payment and fulfill all the functions of money. These deposits are therefore money.

Answer to Question 2

C


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
Gracias!

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Organic Test banks Carey 8th Edition Organic Test banks Carey 8th Edition
How to calculate regular payments or deposits using the annuity formula (Question 1) How to calculate regular payments or deposits using the annuity formula (Question 1)
How to convert fractions to decimals to percent How to convert fractions to decimals to percent
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
The sum of which decay reactions could convert 209Tl to 205Tl? The sum of which decay reactions could convert 209Tl to 205Tl?
Time value money Time value money
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library