Why is having a medium of exchange important

Answers

Answer 1
A medium of exchange is a means of facilitating trade by allowing people to exchange goods and services without having to barter directly. It is an important feature of any economy, as it allows people to specialize in the production of certain goods and services, knowing that they can use the medium of exchange to obtain other goods and services they need or want.

Having a medium of exchange has several advantages:

It reduces the time and effort needed to make exchanges, as people do not have to negotiate terms of trade directly with each other.
It allows for more efficient resource allocation, as people can more easily obtain the goods and services they need to survive and thrive.
It allows for the development of more complex economic systems and the growth of trade and commerce.
It promotes economic stability, as the medium of exchange serves as a store of value that can be used to make purchases at a later time.

Related Questions

"Economic globalisation is recolonisation of the world." Justify

Answers

Answer:

Economic globalisation is the process of increasing world trade, investment and cultural exchange. It is often seen as a way of recreating the colonial system, with developed countries dominating developing countries.

Some of the ways in which this happens include:

1. developed countries having greater access to markets in developing countries

2. developed countries being able to dictate the terms of trade

3. developed countries being able to exploit natural resources in developing countries

4. developed countries having greater control over the global financial system

5. developed countries being able to impose their own cultural values and norms on developing countries.

All of these factors serve to benefit developed countries at the expense of developing countries. Economic globalisation therefore can be seen as a way of recolonising the world.

1
Select the correct answer from the drop-down menu.
What is bias?
Bias is
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Bias is the inclination to prefer one thing or person over another, and to favour that thing or person.

What about bias?An concept or object is biassed when it receives an excessive amount of support or opposition, typically in an unjust, prejudiced or closed-minded manner. Both natural and taught biases exist. A person, a group, or a belief may give rise to prejudices on their part. The term "bias" refers to a systematic inaccuracy in research and engineering. When a population is unfairly sampled or an estimating procedure yields results that are not generally correct, statistical bias results. Any predisposition, inclination or prejudice toward or against something or someone is referred to as a bias. Some biases, such as the decision to only consume foods that are seen as healthful or to avoid those who have intentionally caused harm, are advantageous and beneficial.

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From the analytic perspective, what is the main role of the teacher? What should the teacher strive to impress on students about the relation between logic and language?

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The main role of the teacher is to educate students and provide knowledge about various fields related to their course.

What is a Teacher?

A teacher is said to be an individual who teaches students in school or any educational institution. They aim to educate children by providing them with deep knowledge of the concepts related to the subject.

A teacher needs to use examples in order to explain any concept. logic is referred to as the reason behind anything based on evidence or concept.

Language refers to a medium of communication that is used to deliver a concept. The concept of Logic is delivered through the use of language.

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Why did people criticize Governor DeWitt Clinton’s plan to build the canal

ANSWER QUICK

Answers

Answer:

The plans for building the canal were delayed by the War of 1812. But construction finally began on July 4, 1817. DeWitt Clinton had just been elected governor of New York, and his determination to build the canal became legendary. The construction of the Erie Canal, through mountainous terrain and dense rock proved as challenging as the political environment.  Throughout construction, Dewitt Clinton’s political opponents ridiculed the project as “Clinton’s Folly” or “Clinton’s ditch.”

Explanation:

Sources: https://www.history.com/topics/landmarks/erie-canal

According to the 2021 World Freedom Report released by the think tank Freedom House, democracy has been on the decline for 15 consecutive years, and some of the biggest setbacks have occurred in the United States and India. What happened?

Answers

Answer:

In the United States, the 2020 elections were marred by a lack of trust in the electoral system and attempts by President Donald Trump to undermine the legitimacy of the election results. In India, the government has taken steps to undermine the independence of the judiciary and the media, and has used a controversial citizenship law to target religious minorities.

Explanation:

why is population education important in modern time​

Answers

Answer:

it's to help people understand the impact of population. it changes live and helps in to decision making

the South had large plantations while the North had many?​

Answers

Answer:

of Virginia, Maryland, North Carolina, South Carolina, and . towns and cities in the southern colonies because farming took a lot of land that was spread .Plantations were huge, almost like towns of their own, and required many workers. servants and slaves helping, but the owner worked along side of them if he did.

Explanation:

Write a 1 paragraph response to the following question and post it to the discussion board: Using the poem "The White Man's Burden," what connections can be made between imperialism, social Darwinism and racism?

You will need to:
•directly quote a portion of the poem to prove your point

• Write at least 5 sentence

•use correct grammar and spelling in your post

Answers

Answer:

What is The White Man's Burden meaning, and The White Man's Burden definition? The phrase ''The White Man's Burden'' is a trope related to modern imperialism. It entered English usage with English writer Rudyard Kipling's 1899 published poem of the same title. The phrase refers to the purported historical task of white societies to control and civilize non-white societies through colonial subjugation. The trope is grounded on the ideology of progress, the belief that the passage of time should result in social, cultural, and technological advancement, and that such advancements are inherently good.

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Background on Kipling and Imperialism

The United States is used to exerting influence and power, but just over 100 years ago, this was not the case. During the 19th century, the United States followed a policy of isolationism; as a country, it did its best to stay out of the business and conflicts of other countries, and it encouraged other countries to keep their noses out of U.S. business as well.

During that same time, Great Britain controlled a massive empire. While the United States was still an isolationist country, European powers embraced imperialism, a foreign policy where the country expanded its influence around the world, both peacefully and by force. They scrambled to control as much of the world as they could. India was considered to be a coveted country to have power over, which led to the British Empire's forceful acquisition of India, but maintaining control of India came at a high price for Britain.

Rudyard Kipling was born in 1865 in Bombay. He spent his early life in India but went to school in England before returning to his birthplace in the 1880s. Kipling would become a famous poet and novelist whose work was heavily influenced by his unique perspective. Kipling witnessed firsthand the number of British and Indian lives that were lost as a result of imperialism. Despite this fact, Kipling believed that the British not only had a right to control India but also had the responsibility of ''civilizing'' the Indian people. This sentiment was reflected in his poem, ''The White Man's Burden''.


1. Ang Greater East Asia Co-Prosperit
Sphere ay patakaran ng bansang?​

Answers

Answer:

sana makatulong sayo

pa follow plss

Why is our life absurd, according to Albert Camus? (In other words: explain both what it means and why Camus believes it applies to our life.)

Answers

Answer:

In it, Camus considers absurdity as a confrontation, an opposition, a conflict or a "divorce" between two ideals. Specifically, he defines the human condition as absurd, as the confrontation between man's desire for significance, meaning and clarity on the one hand – and the silent, cold universe on the other.

Explanation:

(I found this on the web so I hope this can help!)

What is the purpose of the Occupational Safety and Health Act?
A. To govern health and safety in the home
B. To provide worker's compensation insurance
C. To govern job-related health and safety
D. To regulate the price of health insurance
SUBMIT

Answers

Answer:

C. To govern job-related health and safety

Explanation:

I just did the question.

C. To govern job-related health and safety

Which of the following can help you appreciate the actions of someone from
a different culture?

A. Cultural relativism

B. Cultural behavior

C. Cultural absolutism

D. Cultural norms

SUBMIT

Answers

Answer:

cultural relativism

Explanation:

I took the test and I have a link for proof

Five(5) Possible Reasons Why Some People In Your Community Do Not Participate In Your Campaign​

Answers

Answer:

a importancia y la necesidad de la “participación ciudadana (de la sociedad, de la sociedad civil, de la ciudadanía) en educación” ha devenido en tema recurrente y aceptado, de modo general, en la mayoría de países en el mundo.

El creciente valor atribuido a la sociedad civil y a la participación ciudadana en el pensar y el quehacer local, nacional e internacional tiene como trasfondo una redefinición del papel de – y de la relación entre - Estado y sociedad civil, así como entre ambos y las agencias internacionales de cooperación para el desarrollo , en el marco de una redefinición de la relación entre lo público y lo privado, y entre lo local, lo nacional y lo global. En términos del BID, estaríamos avanzando en la construcción de “un nuevo paradigma societario caracterizado simultáneamente por la eficiencia económica y la eficiencia social” (BID-Argentina 1998: 9).

Explanation:

Describe the role Canada played in the Korean War. state two supporting reasons.​

Answers

Answer:

The Canadian Forces were involved in the 1950–1953 Korean War and its aftermath. 26,000 Canadians participated on the side of the United Nations, and Canada sent eight destroyers. Canadian aircraft provided transport, supply and logistics. After the war, Canadian troops remained for three years as military observers.

Explanation:

The goal of most social movement is to change society. Please select the best answer from the choices provided T F

Answers

Answer:

True

Explanation:

Mark me brainliest pls

Most social movements that have been formed over the years have the goal of changing society so this is True.

What is the goal of most social movements?

Social movements are often formed in society in order to push for change in a certain area of the way society does things.

The Civil Rights Movement for instance, was formed to change society from one of racism and segregation, to one of equality.

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1. Why did America and the Soviet Union have missiles prepared for attack?

Answers

Answer:

The following day, the Soviet leader sent a letter proposing that the USSR would dismantle its missiles in Cuba if the Americans removed their missile installations in Turkey Privately, however, American officials also agreed to withdraw their nation's missiles from Turkey.The Soviet Union put missiles in Cuba for two primary reasons:  to boost the Soviet Union's power, threatening the U.S. with nuclear attack from the Caribbean and  to bolster the Soviet Union's bargaining position in its attempts to force West Berlin to join East Germany.

Explanation:

have a good day sorry i wrong may i please have a branlliest

thank you

Please help me with this...

Answers

Answer:

Is there suppose to be a picture because it’s not showing up.

Earthquake changes in earth's surface

Answers

The effects of earthquakes are ground shaking, ground rupture, landslides, tsunamis, and liquefaction. Fires are probably the  most important secondary effect of earthquakes.Earthquakes can do alot of damage to buildings, bridges, pipelines, railways, embankments, dams, and other structures.  It can also change the the flow of groundwater and mudflows.

Why did Great Britain and France declare war on Germany?

A. Germany invaded Poland

B. Hitler became the dictator of Germany

C. Germany invaded Austria and Czechoslovakia

D. Germany formed an alliance with Italy and Japan​

Answers

Answer:

[tex]b.germany \: invaded \: poland[/tex]

[tex]hope \: it \: helps[/tex]

Which benefit is not provide by Amazon

Answers

Answer: A house is not benefited from Amazon and Animals and they don't sell cars

Explanation:

What countries in Europe have population with the highest lifespan?

Answers

Answer:

What countries in Europe have population with the highest lifespan?

Explanation:

According to recently provided data by Eurostat, the statistical office of the European Union, Spain is the European country with the highest life expectancy: 83 years on average according to data corresponding to 2015.

which factor has the least effect on photosynthesis?​

Answers

Answer:

[tex] \huge \tt \green{✍ Answer}[/tex]

Light of wavelength 550 nm is least effective at promoting photosynthesis.

️‍️

️‍️

--> Light intensity:-

Without enough light, a plant cannot photosynthesise very quickly - even if there is plenty of water and carbon dioxide and a suitable temperature. Increasing the light intensity increases the rate of photosynthesis, until some other factor - a limiting factor - becomes in short supply.

Which economic activity is part of a country's fiscal policy

A. Starting companies
B. Developing technology
C. Making loans to businesses
D. Setting tax rates

Answers

Answer:

C. making loans to business

Explanation:

that is answer correct

A nation's fiscal strategy includes providing loans to firms to stimulate economic development. So, the correct option is C.

What is an economic development?

Economic development is the process by which low-income, underdeveloped country economies are upgraded to sophisticated industrial economies. Although the phrase is occasionally utilized as a substitute for growth in the economy, in general it refers to a shift in a nation's economy that includes both qualitative and quantitative changes.

For undeveloped nations, understanding basic theory of economic development—how simple, underdeveloped economies can transform into complex, relatively rich ones—is crucial. A nation's fiscal plan may include lending money to businesses to promote economic growth.

Therefore, the correct option is C.

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Which sentence in the passage shows effective ways in which an organization can improve customer service?
Riley owns a travel and tourism agency. She follows the process of sending same emails to all customers regarding promotional offers and
different packages during all seasons. She avoids upgrading her official website. She also invests in researching and determining customers'
exact needs to achieve customer satisfaction. She values only her external customers.

Answers

Answer: She also invests in researching and determining customers' exact needs to achieve customer satisfaction

Explanation:

In every organization, customers satisfaction is essential as customers are the backbone of ones business.

The sentence that shows an effective way in which an organization can improve customer service is that "She also invests in researching and determining customers' exact needs to achieve customer satisfaction".

The sentence shows how customer service can be improved in an organization.

Answer:she also invests in resaerching .

Explanation:

● Who issued the Declaration of Independence?

Answers

Answer:The Continental Congress adopted the Declaration of Independence on July 4, 1776. It was engrossed

Explanation:

The Continental Congress

In 1891, Irish author Oscar Wilde (1854-1900) observed, "Disobedience, in the eyes of anyone who has read history, is man’s original virtue. It is through disobedience that progress has been made, through disobedience and through rebellion." Wilde claims that disobedience is a valuable human trait and that it promotes social progress.

a. True
b. False

Answers

It is false dear how can it be true

The Soviet’s believed that the key to peace was economic growth.


Please select the best answer from the choices provided

True or False

Answers

Answer:

false

Explanation:

right on the quiz

Answer

False

Explanation:

Economic growth in the United States encourages other countries to grow. The United States economy is considered to be the world economy because of its the largest trading nation with its import and export to other countries. By importing good America is helping other countries to strengthen their economic condition by providing job opportunities and also to strengthen in the financial condition.    

Sustainable Actions Make A Difference:

Research work:

Collect information about recycling plants in U.A.E. and create a flip book. Also add some pictures related to it.

Please, I need the Information in 20 to 30 lines, In a form of a small flip book.

Answers

It is not possible to have access to the current information about recycling plants in UAE. But I can provide you with some general information and give you an idea on how to structure your flip book.

What is the issue of recycling plants in U.A.E.?

Recycling is becoming increasingly important in the United Arab Emirates. The country's recycling plants play a vital role in reducing the amount of waste going to landfills and protecting the environment. Some of the key recycling plants in the UAE include:

Emirates Environmental Group (EEG) Recycling Plant in Dubai: This plant processes paper, plastic, and metal waste and produces recycled raw materials.

Abu Dhabi Waste Management Centre: This recycling plant processes various types of waste, including construction and demolition waste, municipal solid waste, and hazardous waste.

Sharjah Waste Management Centre: The centre recycles various types of waste and has the capacity to process up to 1,200 tons of waste per day.

Al Ain Municipality Recycling Plant: This recycling facility processes paper, plastic, and metal waste and produces recycled raw materials.

Al Dhafra Recycling Industries: This recycling plant is one of the largest in the UAE, with a capacity to process 2,500 tons of waste per day.

To structure your flipbook you could start with an introduction on the importance of recycling in the UAE, then have a section on the different types of recycling plants in the UAE, and their processes.

Next, have a section on some of the key recycling plants in the UAE, including information such as the location, the types of waste they process, and their capacity.

Therefore, you could also include some pictures of recycling plants or recycling process. And then finally, you could conclude with a section on the importance of recycling and how it helps the environment, and encourage people to recycle.

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lenin the working people geographical feature

Answers

Lenin had a great idea of the workers who were going to lead the labouring people to emancipation, so, he believed that the working class could do what would seem to be miracles once the socialist word was brought to it.

What should we know about Lenin legacy?

Because of V. I. Lenin, the world is a better place. He was a great working-class leader and revolutionary of the twentieth century who helped change history. The 1917 revolution in St. Petersburg, which Lenin helped lead, ushered in a new era.

The spirit sparked by the October Revolution lives on. The global revolutionary process continues to unfold, sometimes in fits and starts, sometimes almost at a halt, then explosively, rapidly, with all the force of a social hurricane.

Likely question "What was lenin argument for the working people in Russia".

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PLEASE HELP PLEASE HELP PLEASE HELP PLEASE HELP PLEASE HELP PLEASE HELP PLEASE HELP 10 POINTS

Answers

D
hope this helps:3 75.84% chance of getting this right

Answer: B. People became more likely to buy products instead of making them.

Explanation:

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1/2y+3.2y=20 need some help, not very good with functions :/ asap tho pls- Which of the following was a consequence of poor countries monetization" of their deficits? O inflation decreased rapidly O citizens' purchasing power decreased O the divide between government revenue and expenditures narrowed O national budgets were balanced The volume of a sphere is 2304 in^3.The radius of the sphere is ___ inches. 1. Birth place of William Shakespeareu Why do members of Congress often support pork-barrel projects? Question content area topPart 1A computer store buys a computer system at a cost of $. The selling price was first at , but then the store advertised a markdown on the system. Answer parts a and b.Question content area bottomPart 1a. Find the current sale price. The sale price is $enter your response here.(Round to the nearest cent as needed.)Part 2b. Members of the store's loyalty club get an additional % off their computer purchases. How much do club members pay for the computer with their discount?The price for club members is $enter your response here.(Round to the nearest cent as needed.) 4x-5(2x+1)=6x+1. how many solution will this have? is this right Which answer choice correctly identifies the extraneous information in the problem?Anna babysat 2 children on Saturday night. She charges $8 an hour to babysit. She wants to save the money she earns babysitting to buy a stereo system that cost $225. If Nina babysat for 5 hours, how much money did she earn? A. She charges $8 an hour and babysat for 5 hours. B. She babysat 2 children on Saturday night and she wants to buy a stereo system that costs $225. C. She babysat 2 children on Saturday night and she charges $8 an hour to babysit. D. She wants to save the money she earns babysitting to buy a stereo system that costs $225 and she babysat for 5 hours. Changes in real GDP reflect Question 12 options: a) both changes in prices and changes in the amounts being produced. B) neither changes in prices nor changes in the amounts being produced. C) only changes in the amounts being produced. D) only changes in prices \int (2)/(\sqrt(5x^(2))+3)dx and steps Select the correct image.Barry wants to host an event at a hotel that has four conference rooms. Each conference room has a maximum capacity of 150 people, but thehotel limits the capacity to 1 person for every 4 square feet.Sketches of the four conference rooms are shown below. Which room will stop Barry from hosting the event at the hotel?25 ft24 ft28 ft28 ft b)State the essential difference between a plain carbon steeland an alloy steel 6+-18 simplified for edmentum McFarland USA begins with Jim chastising his football team for a bad first half. One of his players mouths off to which Jim chucks a cleat at him and injures him. How should Jim have behaved differently? Whats a better way to motivate a poorly performing team during halftime? Find the LCD for the following pair of fractions.1/5and1/2 If an author uses an allusion in a story, what does the allusion do?A: describes a mirageB: refers to something that is relatedC: makes a contradiction HELP QUICK!!! ANSWER A B C D OR E A function is shown below.g(x) = 19.6 + 1.74x. what is the value of g (20)? Recently it was discovered Burmese python pet owners were releasing their unwanted reptiles into the Florida Everglades, which are highlyprotected and are an important habitat for endangered species. Unfortunately, it took years for biologists to realize the devastating effectsthe large snakes would have on this ecosystem.Which of the following is a valid concern biologists should have regarding the invasion of the python into the everglades, andhow should biologists work to fix the issue?A Concern: Pythons consume alligator eggs.Solution: Blologists should build protective barriers around alligator nests.B. Concern: Pythons consume fish and interfere with commercial fishing,Solution: Blologists should restock the everglades with more fish.c. Concern: Alligators consume pythons.Solution: Biologists should work to capture alligators to help build python populations.D. Concern: Panthers consume python eggs.Solution: Biologists should work to capture panthers to help build python populations. Supporters of the Dawes Act of 1887 said the law wouldhelp American Indians become landowners and farmers.help American Indians by freeing them from reservations.harm American Indians by offering them unproductive land.harm American Indians by giving their land to homesteaders.