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

Author Question: What are the official measures of money? Are all the measures really money? What will be an ideal ... (Read 26 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 29, 2018
What are the official measures of money? Are all the measures really money?
 
  What will be an ideal response?

Question 2

According to its advocates, what are four advantages product differentiation and advertising provide to consumers?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

The official measures of money are M1 (the sum of currency, traveler's checks, and checking deposits owned by individuals and businesses) and M2 (the sum of M1, savings deposits, time deposits, and money market mutual funds and other deposits). All of the components of M1 are truly money because all the components serve as a means of payment. Some of the components of M2 are not truly money because they are not a means of payment. (For instance, funds at money market mutual funds cannot be used as a means of payment for small purchases.) But all of these non-money assets are highly liquid so they are operationally similar to money.

Answer to Question 2

Product differentiation satisfies the vast range of consumer tastes and preferences, ensuring high quality and efficient production. Advertising provides valuable information to consumers to make decisions.


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

The chain of infection: preventative measures follow each link of the chain. The chain of infection: preventative measures follow each link of the chain.
Tim Berg - 'Seek Bromance' (Official Video) Tim Berg - 'Seek Bromance' (Official Video)
If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas? If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas?
KAIRO - Someone Like You (Official Video) KAIRO - Someone Like You (Official Video)
Sufjan Stevens, "Should Have Known Better" (Official Audio) Sufjan Stevens, "Should Have Known Better" (Official Audio)
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library