« previous next »

Author Question: An exchange rate system in which governments try to keep currency values from fluctuating against ... (Read 84 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
An exchange rate system in which governments try to keep currency values from fluctuating against one another is a fixed exchange rate system.
 
  Indicate whether the statement is true or false

Question 2

Define money and list its functions.
 
  What will be an ideal response?


SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

Money is any commodity or token that is generally accepted as a means of payment. It has three main functions. It serves as a medium of exchange, a unit of account, and a store of value.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 29, 2018
Correct answers!


SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Polaris system Polaris system
The Autonomic Nervous System The Autonomic Nervous System
The pressure valve maintains the system pressure and allows excess pressure to vent. The vacuum ... The pressure valve maintains the system pressure and allows excess pressure to vent. The vacuum ...
Primary Glands of the Endocrine System Primary Glands of the Endocrine System
Female Reproductive System Female Reproductive System
Components of the lymphatic system Components of the lymphatic system
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library