Marketing Fundamentals Quiz ~ Live Science: The Most Interesting Articles, Mysteries & Discoveries

0 You keep some money hidden in vour shoe. You keep track of the value of your assets in terms of currency. You pay for your oil change using currency.• A model that illustrates cost - benefit analysis. • A model that explains how the economy is organized. Which of the following are the words most commonly used by economists? Which of the following would NOT be a determinant of demand?Write Functions of Money at the top of the first column, and write Characteristics of Money at the top of the 6. Discuss the following: a. What are the functions of money? (Medium of exchange, store of Display the characteristics of money section of Visual 1. In order for something to function well......function of Money; options:Medium of Exchange(2)Measure of Value(3)Transfer of Value(4)None of… cobb Douglas production function is a) linear production function b) non linear production function. Which of the following statements best describes a production function? Previous. Next.Which of the following best illustrates the medium of exchange function of money? a. You keep some money hidden in your shoe. the ease with which an asset is converted to the medium of exchange. b. the measurement of the intrinsic value of commodity money.

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Works with money. C. Helps people in shops. Which of the following describes when two companies join together? Which of the following describes a supplier? A. A company that distributes finished products to end-users.Money is the medium through which people exchange goods and services. In barter economy there is no medium of exchange. Найдите в тексте ответы на следующие вопросы: 1) Why do people accept money? 2) What are the functions of money?Inflation erodes money's purchasing power. Inflation causes menu costs. Question. Money serves three functions in the economy: medium of exchange, unit of account, and store of value. Which of the following statements describes how inflation affects the ability of money to serve as a unit of...According to the Bank of England, in a modern economy, money is a type of IOU, but one that is special because everyone in the economy trusts that it will be… This short revision video covers the main functions and characteristics of money.

Functions and Characteristics of Money - PDF Free Download

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.Money refers to a common medium of exchange that is issued under the law of government and acts as a legal tender for the whole country. Therefore, money acts as an asset that sustains value over a period of time because it is non-perishable and inexpensive form of storage.Today's topic: 'Business'. 1. If prices on the stock exchange are rising, we say there is a ___ market. 2. The amount of money a company earns is called the _. 3. Which of the following is the odd one out?Money has 4 functions: a medium of exchange or means of payment, a unit of account, a store of value and a standard of deferred payment. Money as the medium of exchange is used in one half of almost all exchange. Workers exchange labour for money, people buy or sell goods in exchange...Which Of The Following Best Illustrates The Unit Of Account Function Of Money? : Front.

50. Which of the following best illustrates the medium of exchange function of money? O A. You keep some money hidden in your shoe. OB. You stay monitor of the value of your property in terms of foreign money. O c. You pay for your double latte the use of foreign money. OD. You lend on your buddy. 51. Which of the following lists ranks property from maximum to least liquid? O A. currency, wonderful art, shares B. forex, stocks, fine art c. superb artwork, currency, stocks D. wonderful artwork, shares, foreign money 52. Which of the following agencies is answerable for regulating the money supply in Canada? A. the Comptroller of the Currency OB. the Bank of Canada O c. the TD Bank OD. the Canadian Payments Association 53. Suppose that the reserve ratio is 7 p.c and that a bank has 00 in deposits. What are its required reserve A. one hundred B. One hundred twenty O c. 140 E D. 160

15. if some other folks donne netto C. if some wages are under the equilibruin level D. if stipulations for unemployment insurance benefits are chill out 45. Use the figure under to reply to questions 45 and 46. W/P 20 30 40 If there was once no minimum salary and then the government instituted a minimum salary of , what would occur to employment in this marketplace? O A. Employment would upward thrust via 10. OB. Employment would fall by way of 20. Oc. Unemployment would increase via 10. OD. Unemployment would increase by means of 20. 46. If there used to be a minimal salary of $Four after which the executive instituted a minimal wage of SS, what would occur to employment in this marketplace? O A. Unemployment would be unchanged. B. Unemployment would drop through 10.. c. Unemployment would rise through 10. D. Unemployment would nse via 20. 47. What is the impact of unions on wages and employment? VIA Unions are not likely to affect wages and employment. PB.Woond lift wages above the aggressive equilibrium level unions increase the degree of employment in unionized SD Unions lower the degree of employment in nonunionized

49. Which of the following best illustrates the unit of account function of money? A. You list costs for candy sold to your Web website, www.sweettooth.com, in greenbacks. B. You pay on your NHL tickets with dollars. c. You stay on your backpack for emergencies. D. You cella used copy of your textbook for .

41. According for your text, which of the following is not a explanation why that actual labour markets experience unemployment? A. unions OB.activity seek c. versatile wages D. minimal salary law 42. Curtis is a stockbroker. He has had several job offers, but he has turned them down because he thinks he can discover a company that higher fits his tastes and skills. John is an accountant. He has looked for work for a while, but no accounting firms are hiring. Which of the following best describes the nature of their unemployment? A. John and Curtis are both frictionally unemployed. B. John and Curtis are each structurally unemployed. c. Curtis is frictionally unemployed, and John is structurally unemployed. D. Curtis is structurally unemployed, and John is frictionally unemployed. 43. Which of the following is most likely to reason frictional unemployment? DA, the minimum salary B. a employee leaving a role to seek out one with better benefits C. labour unions D. an increase in the source of revenue tax

38. Prime Minister Bigego is working for re-election in opposition to Finance Minister Pander. Bigego declares that more people are running now than when he took place of job. Pander says that the unemployment fee is upper now than when Bigego took administrative center. Which of the following are you able to conclude? A. One of them will have to be mendacity. B. Both of them may well be telling the truth if the labour force participation price and the labour force both fell. C. Both of them could be telling the truth if the labour force grew slower than employment. D. Both of them may well be telling the truth if the labour pressure grew quicker than employment. 39. Use the following table to reply to question 39. This table presentations the 2007 data for men and women elderly 15 and over in the country of Dan Not in the Labour Force Unemployed Employed Male Female Male Female Male Female Forty five million 35 million 5 million 5 million $Five million o million What is the adult male unemployment charge in Dan? A. 3.70 p.c B. 4.00 p.c S.56 % 0.5.88 p.c

30. What is the effect of an build up in price range deficit? O A. It adjustments the provide of loanable price range. OB. It changes the demand for loanable price range. OC. It changes each the supply of and insist for loanable budget. OD. It does now not affect the provide of or the call for for loanable budget.

LILLLILSL Tale Will Idll. 28. Which of the following would most likely happen in the marketplace for loanable budget if the executive were to extend the tax on pastime income? O A. The provide of loanable funds would shift right. O B. The call for for loanable price range would shift right. O c. The supply of loanable price range would shift left. Op. The demand for loanable finances would shift left.

25. Suppose that during a closed financial system GDP is 10,000, intake is 6500, and taxes are 2000. What worth of government expenditures would make nationwide saving equivalent 1000? O A. 2500 B. 3500 O c. 7500 Op. 9000

6. Which of the following lists comprises, in this order, herbal assets, human capital, and bodily capital? O A. for a cafe: the land the place it stands; the things the chef realized at cooking college; the freezers the place the steaks are saved OB. for a furniture company: wood; the corporate cafeteria; saws O c. for a railroad: fuel; railroad engines; railroad tracks UD. for an oil company:"the oil it brings to floor; the rigs; the refineries using its oil