Business, 30.03.2021 23:20 Kayccee9958
Money serves three functions in the economy: medium of exchange, unit of account, and store of value.
For each of the following statements about inflation, indicate which function of money inflation is hindering.
Statement Store of value Unit of account Medium of exchange
Inflation erodes money's purchasing power.
Inflation causes menu costs.
In some countries with hyperinflation, prices are posted in terms of U. S. dollars rather than the local currency, even though the local currency is still used to purchase the good.
Answers: 1
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Which of the following occupations relate to a skill category of words and literacy
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If gerry is approved for a $150,000 mortgage at 3.75 percent interest for a 30-day loan, what would the monthly payment be?
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Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. which statement accurately supports her argument? people would pay less in interest fees. people would have greater protection in case of emergencies. people would need to save for many years to buy a home or open a business. people would support the economy through purchases of more goods and services.
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Stacy is preparing a product presentation with customer, marketing, and technical content. she will first present it to an engineering audience mainly interested in technical product details. what should she do? select the best option. hide the marketing content slides for the engineering audience. save a new version and delete unwanted slides for this audience. cut and paste all the unwanted slides to the end. create a custom slide show for multiple audiences.
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Money serves three functions in the economy: medium of exchange, unit of account, and store of value...
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