« previous next »

Author Question: The balance of payments improves A) when there is an exchange rate appreciation. B) when there ... (Read 104 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
The balance of payments improves
 
  A) when there is an exchange rate appreciation.
  B) when there is an exchange rate depreciation.
  C) when the interest rate rises.
  D) never.

Question 2

Suppose you have a collection of gold coins from the 19th century. Comment on their suitability to provide for you each of the three functions of money.
 
  What will be an ideal response?


pami445

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

The coins are an exceptional store of value. They would serve well as a medium of exchange, eagerly accepted by most people. They are a poor unit of account, since their value fluctuates a great deal relative to other goods. The face value of the coins is not a reliable indicator of their worth relative to other goods. This is because they are valued primarily as a store of value (and historical/artistic artifacts), rather than as a medium of exchange.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Some different varieties of asymmetrical balance. Some different varieties of asymmetrical balance.
Target Heart Rate Target Heart Rate
The respiratory system and the process of gas exchange The respiratory system and the process of gas exchange
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
The age-adjusted rate of melanoma, a deadly form of skin cancer, from 1973 to 2000. Over that time p The age-adjusted rate of melanoma, a deadly form of skin cancer, from 1973 to 2000. Over that time p
Renal regulation of sodium and potassium balance Renal regulation of sodium and potassium balance
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library