Author Question: If the exchange rate rises from 100 yen per dollar to 120 yen per dollar, the dollar has ... (Read 177 times)

nelaaney · **on:** Jun 29, 2018

If the exchange rate rises from 100 yen per dollar to 120 yen per dollar, the dollar has appreciated.

Indicate whether the statement is true or false

Question 2

Explain which of the following count as money. a) a check in Ann's checkbook b) currency in Ann's bank c) currency in Ann's purse d) Ann's checking deposit

What will be an ideal response?

jojobee318 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

Only parts (c), currency in Ann's purse, and (d), Ann's checking deposit, are money. Ann's check, given in part (a), is a method of transferring money from Ann to someone else. Thus the check (itself) is not money. Part (d), the currency in Ann's bank, is not money until someone withdraws it because currency inside a bank does not count as money.