--%>
Assignment Help - homework help

Function of money in economy

State the main function of money in economy?

Answer: The major function of money in an economic system is to ease the exchange of services and goods.

   Related Questions in Microeconomics

  • Q : Unemployment Select right answer for

    Select right answer for Unemployment: A) causes the production possibilities curve to shift outward. B) can exist at any point on a production possibilities curve. C) is illustrated by a point outside the production possibilities curve. D) is illustra

    		•
  • Q : Demand of goods people willing to buy

    The amount of goods which people are willing and capable to buy is termed as their: (i) Desires. (ii) Demands. (iii) Requirements. (iv) Needs. (v) Wants. Can someone please help me in finding out the accurate answe

    		•
  • Q : Determine annual interest rate If all

    If all US Treasury bonds are perpetuities that annually pay the sum of one thousand and 00/100 dollars [$1000] each year, always, to the holder of this bond starting one year from today and if the current market price of such bond wer

    		•
  • Q : Assumption of economic model-financial

    Most of the economic models suppose that the financial goal of a corporation is the maximization of the value of: (1) Firm’s net revenue. (2) Accounting gains to the firm. (3) Firm to its shareholders. (4) Progress of the sales revenues. (5) Monetary advantages

    		•
  • Q : Total value of the corporation stock I

    I have a problem in economics on Total value of the corporation’s stock. Please help me in the following question. Targeting for the hostile takeover is general whenever a firm has assets which are worth: (1) More than the net value of corporati

    		•
  • Q : Emerging natural monopoly A monopoly

    A monopoly will come out naturally when: (w) the government relaxes antitrust laws. (x) economies of scale are large relative to market demand. (y) variable costs are huge relative to fixed costs. (z) variable costs rise as output expands.

  • Q : Lower rates of return by financial

    Financial assets will create lower rates of return to prospective investors while: (w) they become more liquid. (x) their prices go up. (y) interest rates increase. (z) default risks decrease. Hey

    		•
  • Q : Bargaining power of the union problem

    When a firm's inventories are comparatively high, then the bargaining power of union is: (i) Huge, since the firm cannot afford interruptions of the production. (ii) Great, since the firm's gains are low. (iii) Low, since the firm can sell its invento

    		•
  • Q : Production possibilities curves Give me

    Give me answer of this question. The production possibilities curves following suggest that: A) West Mudville should specialize in, and export, baseball bats. B) West Mudville should specialize in, and export, both baseballs and baseball bats. C) East Mudville should

    		•
  • Q : Demand for Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Reductions in the price of tea are most probable to raise the demands for: (i) Lemons, ice cubes and sugar. (ii) Cola, coffee and hot cocoa. (iii) Mint juleps, Daiquiris and moonshine. (iv) Va

    		•