Commodity money - Study guides, Class notes & Summaries

Intact Male Correct Answer-bull Castrated male Correct Answer-steer female (pre-calving) Correct Answer-heifer Female (post-calving) Correct Answer-cow young cow Correct Answer-calf act of parturition Correct Answer-calving group of cattle Correct Answer-herd scientific term for cow Correct Answer-bovine what industry is the largest money-generating commodity in all of agriculture? Correct Answer-beef industry the gross annual income from beef in the US has averaged ap...

money Ans- medium of exchange, which means thaht it is generally accepted in exchange for goods and services. acceptable as means of payment / IS NOT made up of notes and coins held by individuals and businesses a problem with using a commodity as money is Ans- commodity value can change over time main components of money in canada Ans- currency and deposits at banks and other depository institutions official measures of money are Ans- M1 and M2 m1 Ans- currency outside banks perso...

Certified Pennsylvania Evaluator Exam (CPE) Questions And Answers 2023 Assessor - Correct Answer-Any person responsible for the valuation of real property for ad valorum taxation purposes Duties and Responsibilities of an Assessor - Correct Answer-Discovering, Listing, Valuing Clean & Green - Act 319 - Correct Answer-Has two values, Value in Use and Value in Exchange An Assessor is accountable to whom? - Correct Answer-Himself, taxpayers and all taxing authorities In order for an asses...

Wise Financial Literacy Certification Test Topic Check List Graded A+ What are the different ways people can earn income? Income can come from wages, rental properties, interest, investments, business profits, and entrepreneurial activities. How does an exemption (also known as an allowance) function in taxation? An exemption reduces the portion of your income that is subject to taxes. What is liquidity, and what are examples of liquid assets? Liquidity refers to how easily asset...

What are the costs and sources of inefficiency in a barter system? Ans: -There is difficulty in accumulating wealth. -Transactions costs are almost always high. -There is increased time and effort spent looking for trading partners. -There is a lack of standardization. What is specialization? Ans: A system in which individuals produce the goods or services for which they are relatively best at. How does specialization improve an economy's standard of living? Ans: Specialization incre...

ECS3701 Assignment 1 Semester 1 2024.Question 15 Correct Mark 1.00 out of 1.00 Question 16 Correct Mark 1.00 out of 1.00 Question 17 Correct Mark 1.00 out of 1.00 Question 18 Correct Mark 1.00 out of 1.00 Which of the functions of money distinguishes it from other assets? a. Medium of exchange b. Store of value c. Measure of value d. Unit of account The correct answer is: Medium of exchange When paper currency is decreed by governments to be legal tender, legally it must ...

WISE Test VA (Part 1) Questions and Answers 100% Correct Economics is: The exploration of how individuals make choices regarding their desires and the amount they are willing to spend to obtain them. Scarcity is: The condition where the demand for something exceeds the available supply. Personal finance is: The management of your own financial resources and possessions. Financial planning is: The process of creating a strategy for managing your finances over time. Fina...

Series 79-KnopmanFinancial markets - correct answer Collection of buyers and sellers that trade assets including equities, debt, currencies and derivatives Functions of capital markets - correct answer Raising capital, transferring risk, trade Factors in a market's performance - correct answer Efficiency, liquidity, continuity, marketability, timely and accurate information Capital markets - correct answer Markets for stocks (equity) and bonds (debt) Primary markets - correct answer...

Liquidity correct answers the ease with which an asset can be converted into the economy's medium of exchange Commodity Money correct answers money that takes the form of a commodity WITH intrinsic value (has value even if it were not used as money) - ex: gold M1 = correct answers - currency - demand deposits - traveler's checks - other checkable deposits M2 = correct answers - everything in M1 - savings deposits - small time deposits - money market mutual funds - a few minor ...

Rock MIS 301 Exam 1 Terms Question and answers verified to pass 2024 Disruptive technology - correct answer Innovation that helps create a new market and value network that disrupts an existing market ex: iPhone for Kodak Mental models - correct answer Designs of a business and technology that consumers think about when thinking of a brand; how we are aesthetically effected Barrier to entry - correct answer obstacles that prevent a business from entering the market Brand - corre...