Author Question: Ricardo Martinez collected 300 last weekend for mowing yards. Rather than spending the money ... (Read 55 times)

captainjonesify · **on:** Jul 14, 2018

Ricardo Martinez collected 300 last weekend for mowing yards. Rather than spending the money immediately, he set it aside in an interest-bearing account. He hopes to accumulate more than 3000 to offset his college expenses this fall. For Ricardo, money is serving as a:
A) measure of the current exchange rate.
B) medium of exchange.
C) measure of value.
D) store of value.
E) barter.

Question 2

A clothing manufacturer built a new plant in Bangladesh because textile workers there are paid a fraction of what workers in the United States would be paid. This most relates to which consideration when selecting a new facility location?
A) R&D planning
B) Cost of construction and operation
C) Availability and cost of labor
D) Proximity to major customers
E) Access to key resources