This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Betty won $500 in a poker tournament. She deposits her $500 winnings into a money market fund so ... (Read 189 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

When money is used as a medium of exchange


◦ the need for a barter system diminishes.
◦ the cost of transactions increases.
◦ the need for a banking system in the economy decreases.
◦ it reduces the number of transactions in the economy.

Question 2

Betty won $500 in a poker tournament. She deposits her $500 winnings into a money market fund so that she can use the money next year to help her pay for a trip to Las Vegas. This is an example of money serving as a(n)


◦ unit of account.
◦ medium of exchange.
◦ store of value.
◦ investment good.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jhjkgdfhk on Apr 19, 2019

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Thanks


tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ... You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ...
Learn Canadian money grade 1 Learn Canadian money grade 1
Video: Protein Structure - Primary, Secondary, Tertiary and Quaternary

For a complete list of videos, visit our video library