« previous next »

Author Question: If individuals will no longer accept a currency, is it still considered to be money? a. No, because ... (Read 53 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
If individuals will no longer accept a currency, is it still considered to be money?
 a. No, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.
  b. No, because of Gresham's Law.
 c. Yes, because the government identifies it as legal tender.
 d. Yes, because one of the main characteristics necessary for something to serve as money is that it must be generally acceptable.

Question 2

The transactions demand for money increases when more people want to hold some of their wealth in the form of money to reduce the risks associated with unexpected emergencies.
 a. True
  b. False
  Indicate whether the statement is true or false


snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

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?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

The Border Collie is considered to be one of the most intelligent breeds. The Border Collie is considered to be one of the most intelligent breeds.
Longer regions have more crossovers and thus higher recombinant frequencies Longer regions have more crossovers and thus higher recombinant frequencies
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Contact theory indicates that prejudice decreases and relations improve when individuals of ... Contact theory indicates that prejudice decreases and relations improve when individuals of ...
People are living longer today than in previous decades People are living longer today than in previous decades
The karyotype of an XYY male. Affected individuals are usually taller than normal, and some, but not The karyotype of an XYY male. Affected individuals are usually taller than normal, and some, but not
Video: Mechanisms of capillary exchange (transcytosis & bulk flow)

For a complete list of videos, visit our video library