Complete the sentences with the correct function of money.

1. Norah walks into her favorite department store, Bullseye, to pick out a new dress. She checks out the price tag and is excited to see that the dress is on sale and is now relatively cheaper than another dress she was considering. Here, money is serving as ______________________.

2. She is especially excited because she has been saving money each week in her piggy bank at home so that she can afford a trip to Florida next summer. The money in the piggy bank is serving as ______________________.

3. She quickly walks to the checkout line where she pays the cashier for her new dress. At the cashier, money is serving as ______________________.

WORD BANK
a medium of exchange.
a unit of account.
barter.
a store of value.

Answers

Answer 1

Answer:

Medium of exchange: Money act as a medium of exchange because it is accepted as a payment

Unit of account: Money act as a unit of account becuase it is used as a common denominator that can be used to express worth of any goods or services.

Store value: Money act as a store value. It means people can save money for use it in future.

Explanation:

Money functions as a unit of account in that it provides a standard and widely accepted method for reporting the price of goods and services. Price tags are an example of money serving as a unit of account; by pricing items in U.S. dollars in the United States, consumers have a clear and universal method for determining the cost of a variety of goods and services.

Money also serves as a store of value, meaning people use money as savings to buy goods and services in the future. Norah is saving money at home for a vacation, so money is functioning as a store of value.

Money serves as a medium of exchange because it is widely accepted in transactions in the economy. Norah gives Bullseye money and receives the dress in exchange.


Related Questions

Where do most Australians live?

Your answer:

The coast


The outback


Tasmania


The Great Dividing Range

Answers

Answer:

I belive it is the cost ( researched)

According to Adam Smith, what is one way competition between producers benefit the
consumer?

Answers

Answer:

lowering their prices or introducing new products

Explanation:

In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. What is the term for this?
- liquidity resource
- source of ultimate credit
- provider of fiduciary insurance
- lender of last resort
- bailout bank

Another potential role of central banks is to foster confidence in the banking system by making sure that people can retrieve their money even if a bank goes bankrupt. What is the term for this?
- banking promise
- deposit guarantee
- financially distressed institution clause
- deposit insurance

Answers

(1) Providing loans to distressed financial institutions is called: Lender of last resort

A lender of last resort is a lender that provides loans (usually short‑term) to banks in times of financial distress or crisis.

(2) Role of central bank in ensuring people can retrieve money from bankrupt bank is called: Deposit Insurance

Deposit insurance is an insurance system that protects depositors so that they do not lose their money if a bank fails.

what are the functions of industry​

Answers

Answer:

Industry, broadly speaking, is the social institution whose role it is to produce and service the products which man requires for satisfying his material needs.

Purpose and Functions.

The Industrial Relations Commission conciliates and arbitrates to resolve industrial disputes, sets conditions of employment and fixes wages and salaries by making industrial awards, approves enterprise agreements and decides claims of unfair dismissal

Human Resource Department is an integral part of any organization.

Also, the Human Resource Manager (HRM) is a member of the management. Four basic functions of Human Resource Management are Planning, Directing, Controlling and Organizing.

Answer:

- Development of industries in the district.

- Registration and licensing of new industrial undertakings.

- Acquisition of land for industrial purpose.

- Development of Industrial area.

- State's participation in Private sector undertakings.

- Industrial survey.

- Creation and maintenance of Industrial Estates.

Explanation:

Which statement best summarizes the evolution of US political parties? A. Two political factions began with Thomas Jefferson's presidency, but official political parties didn't begin until the late-1800s. B. Two early political factions developed into political parties in John Adams' presidency, but official parties didn't begin until the early-1800s. C. President John Adams headed the first official political party and there have been two parties since that time. D. President Washington headed the first official political party and there have been two parties since that time.

Answers

Answer:

C

Explanation:

Which geographic features covered most of Madagascar for much of its
history but have now mostly disappeared?
O A. Deserts
O B. Velds
O C. Glaciers
D. Rain forests
SUBMIT

Answers

Answer:

The answer is :(B)

Explanation:

Answer: D Rain forest

Explanation:

I took the test :D

The new chairman of the Ionian Central Bank (ICB) is preparing for her first board meeting. She is expected to recommend a monetary policy for the board to pursue. She decides to use the Taylor rule, which was originally developed for the U.S. Federal Reserve.

Ionia's potential GDP is 100 million drachma, but current GDP is 102 million . What is Ionia's output gap?
Ionia's output gap: ______________%

Inflation is running at 6%, but the chairman considers an inflation rate of 3% to be a reasonable goal. What is Ionia's inflation gap?
Ionia's inflation gap: ______________%

The Taylor rule helps the chairman to determine the target
- fed funds rate.
- discount rate.
- inflation rate.

Calculate this target rate for Ionia, according to the Taylor rule.
target rate: ______________%

The current rate is 4%, so the chairman recommends
- buying securities.
- selling securities.

Answers

Answer:

Ionia's output gap: 2%
Ionia's inflation gap: 3%
- fed funds rate
target rate: 10.5%
- selling securities

Explanation:

The Taylor rule was developed as a simple way for the Federal Reserve to determine the appropriate federal funds rate target. The federal funds rate is the interest rate one bank charges another for overnight loans. The rate the Fed charges for last resort loans is the discount rate.

    federal funds rate target = 2 + inflation + (0.5 × inflation gap) + (0.5 × output gap)

Start by calculating the gaps. Be sure to subtract the target value from the current value. The GDP gap will be stated as a percentage of potential GDP.

output gap = current GDP − potential GDP / potential GDP
    =102 million − 100 million / 100 million
    =2 million / 100 million
    =0.02
    =2%

inflation gap = current inflation − inflation target
    =6% − 3%
    =3%

Now, use these gap numbers in the full equation.

federal funds rate = 2 + inflation + (0.5 × inflation gap) + (0.5 × output gap)
    = 2 + 6 + (0.5 × 3) + (0.5 × 2)
    = 10.5

The current federal funds rate is 4%, so the central bank needs to bring the rate up to 10.5%, which can be done by selling Treasury securities. This will lower the price of securities and pull the interest rate up.

What type of trade barrier did the United States use on South Africa and why?

Answers

Answer:

Tariffs & NTB's U.S. companies have cited protective tariffs as a barrier to trade in South Africa.

ILL GIVE BRAINLIST




Based on Wilson's quote, which best explains why the
United States entered World War I?
O The US continued to believe in neutrality but could
not stand by while its businesses suffered.
O The US continued to believe in neutrality but could
not stand by while its allies were defeated.
O The US feared continued aggression by the Central
Powers would hurt Americans.
O The US feared continued aggression by the Allied
Powers would hurt Americans.

Answers

Answer:

c the correct answer is C

Which of the situations is an example of the crowding-out effect on investment as it pertains to macroeconomics?

The government of Walla Walla spent $4.3 billion dollars and collected $2.2 billion dollars in tax revenue.

Candex, an eyeglass frame company, decides to cut the price on all of its frames to $10, which successfully drives out all other firms from the market.

The government deficit is at an all-time high in the United States. As such, people begin to save more money in fear that taxes will increase in the future.

Jack wants to borrow money to create a cowboy-themed inflatable bounce house for kids called "Wild Wild West." However, the government is running a deficit which has increased interest rates so much that Jack can no longer afford to borrow the money.

Answers

Answer:

Jack wants to borrow money to create a cowboy-themed inflatable bounce house for kids called "Wild Wild West." However, the government is running a deficit which has increased interest rates so much that Jack can no longer afford to borrow the money.

Explanation:

Crowding-out is when government borrowing results in higher interest rates and less capital available for private investment.

For example, if the government runs a deficit, it must enter the market for loanable funds as a borrow (demander). Holding all else equal, the increase in demand will result in higher interest rates. Due to the interest rate increase, Jack can no longer afford to borrow the startup money needed to create his bounce house business. The government has crowded Jack out of the market by increasing the demand for loanable funds.

Walla Walla is running a budget deficit, which can lead to crowding out, but there is no evidence that investment has been crowded out. Government deficits may lead to increased taxation to bridge the deficit, and people saving more as a result is an example of Ricardian equivalence. Candex is engaging in predatory pricing.

how can a hight amount of human right violations lead to a negative impact on the community​

Answers

Answer: The consequences of repression and resistance include the physical toll taken by torture and other forms of severe ill treatment.

Explanation:

Why is it difficult to get medicine to rural areas in Africa?

Answers

Answer:

many south Africans living in rural areas lack access to affordable,quality and comprehensive health care,despite significant government

What does Ebadi say about how Iran is coping with modern problems?

Explain what Ebadi means by “not lag behind the caravan of civilization, development and progress?

Answers

Answer:

1.Shirin Ebadi took up the struggle for fundamental human rights and especially the rights of women and children. She took part in the establishment of organizations that placed these issues on the agenda, and wrote books proposing amendments to Iran's succession and divorce laws.

2.Shirin Ebadi, (born June 21, 1947, Hamadan, Iran), Iranian lawyer, writer, and teacher, who received the Nobel Prize for Peace in 2003 for her efforts to promote democracy and human rights, especially those of women and children in Iran. She was the first Muslim woman and the first Iranian to receive the award.

Explanation:

i hope this helped

How did Stalin change the economy of the USSR? Choose three correct answers.

by collectivizing farms
by moving to a more capitalist economy
by moving peasants from farms to cities
by using five-year plans to increase industrialization
by trading with other countries to create a food surplus

Answers

Answer: 1. By collectivizing farms 2. By moving peasants from farms to cities 3. By using Five-year plans to increase industrialization

Name 3 ways to be a good citizen:
1.

2.

3.

Answers

Here are some 3 ways to be a good citizen:

1. Follow the laws.

2. Report any criminal activity.

3. Love your country and your government.

According to the permanent income hypothesis, which situations would result in an immediate increase in consumer spending, which would result in an immediate decrease in consumer spending, and which would result in no change in consumer spending?

i. A new technology is discovered that promises an increase in cheap computing power in the future. As a result, expected income rises. Consumer spending will ______________.
ii. Firms announce that they expect more layoffs next year than were previously anticipated. Expectations for the rest of this year, however, do not change. Consumer spending will ______________.
iii. The government unexpectedly gives each person in the economy an extra $1,000 tax refund. However, everyone in the economy expects that exactly this amount, in present value, will have to be paid back in the future in the form of taxes. Consumer spending will ______________.
iv. Researchers announce that they anticipate a breakthrough in the effectiveness of training for low‑skill workers within the next decade. The new training method will allow these low‑skill workers to quickly and cheaply acquire valuable skills that will then place them in better‑paying jobs. Consumer spending will ______________.

WORD BANK:
- immediately increase
- immediately decrease
- not change

Answers

i. Immediately increase
ii. Immediately decrease
iii. Not change
iv. Immediately increase

how did slavery VS abolition lead up to the war?

Answers

Explanation:

Abolitionist grew more strident in their demands, and slave owners entrenched in response, fueling regional divisiveness.

what happens when you board an object in a very short way

Answers

Answer:

what are you asking?

Explanation:

Stalin encouraged
this man to invade
South Korea

Answers

Answer:

In April 1950, Stalin gave Kim permission to invade the South under the condition that Mao would agree to send reinforcements if needed. Stalin made it clear that Soviet forces would not openly engage in combat, to avoid a direct war with the US.

HURRYThe system of delivery tubes in a plant:
vascular bundle
phloem
xylem
veins

Answers

Answer:Vascular plants have two systems, one with tubes move water up through the plant (Xylem), and one with tubes that move sugar through the plant (Phloem).

Explanation:

Answer:

Vascular bundle. The phloem and xylem are both delivery tubes. Veins are not. The vascular bundle is a bundle of both the phloem and xylem, therefore, the answer is the vascular bundle. Hope this helps! :)

Explanation:

found it on quizlet and I it was right when I turned it in

If a person appeals the verdict of their court case, they are asking for the:
President of the United States to pardon them.
jury to reverse their decision.
case to be reviewed by a higher court.
judge to overturn the jury's verdict.
case to be reviewed by Congress.

Answers

Answer:

this is true they are asking for forgiveness

Answer:

. President of the United States to pardon them.

Explanation:

I think thats it

Who does the United Nation represent ?

Answers

Answer:

The United Nations is an international governing body formed in 1945 to increase political and economic cooperation among its member countries.

Explanation: The U.N. grew out of the League of Nations following World War II; now, nearly every country in the world is a member. It has five principal component parts, including the U.N.

:)

Boston, Massachusetts __°F

Answers

Answer:

I think I can’t see it

Explanation:

43

States and cities get money from the _____________ on products that people buy.

A) property taxes
B) sales tax
C) income tax

Answers

Answer:

Explanation:

B

How does games and sports make good relationship among the countries​

Answers

Answer:

I helps to get a long with the people

Explanation:

How did Southern Illinois help the Union war effort?

Answers

Answer:

Illinois was a major source of troops for the Union, and it also provided military supplies, food, and clothing.

Explanation:

Why did Republicans press for a constitutional amendment rather than a law to end slavery?
A)A constitutional amendment was easier to pass than an act of legislation.
B)There was no way for Congress to pass an act of legislation abolishing slavery.
C)They wanted to ensure a permanent end to slavery by making emancipation part of the Constitution.
D)They wanted the support of southern Democrats who favored the end of slavery.

Answers

Answer: D. They wanted the support of southern Democrats who favored the end of slavery.

Answer:

C

Explanation:

They wanted to make sure that this was a permanet solution and not somthing that the southern democrats could undo esaily.

positive and negative impacts of population growth? at least 5 positive and negative impacts.

Answers

Answer:

A

Explanation:

Because I said so the answer is A

Which figures have the same area but different perimeters?

A) A and B

B) A and C

C) B and C

Answers

you should know this already but its...........................................................................................................................................................................................................................................................................................................................a

Explanation:

Americans over 65 years of age are most active doing what

Answers

Answer:

Well, usually, 65 year olds usually retire, but, some people are strong enough and are willing to keep on doing their day-to-day jobs.

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