Cybersecurity Fundamentals Quiz: Exam! - ProProfs Quiz ~ ApproachNews

2. VND currency is currently 3. If the reserve ratio is 5 percent and a bank receives a new deposit of $500, this bank 4. Which list contains only actions that decrease the money supply? 5. The interest rate the Fed charges on loans it makes to banks is called the a.discount rate.b.federal funds rate.c.prime...Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Trying to use a non-fungible good as money results in transaction costs of individually evaluating each unit of the good before an exchange can take place."The monetary unit assumption requires that companies include in the accounting records only transactions data that can be expressed in terms of This assumption prevents the inclusion of some relevant information in the accounting records. For example, the health of the owner, the quality of...A. All Of The Following Answer Choices Are Correct. B. Cafe Britt Lists The Prices Of Its Tarrazu Gourmet Coffee On Its Website In Dollars. C. AMC Theatres Accepts Dollars For Tickets To Movies Playing At Its IMAX Theater In Orlando.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 Definition | Unit of Account

Money's three social functions - storing value, exchanging it and providing a unit of account - are unraveling, with dramatic implications, says EYQ's Insights Director. Bitcoin's evolution resulting in the 2017 "hard fork" of the network illustrates this unbundling.which one of the following lines best illustrates personification.The second function of money is to serve as a unit of account. Having chosen the good, we can express the price of each of the rest of the goods in units of that good. 1. Illustrate your understanding of three functions of money with your own examples.The following points highlight the top six functions of money. Money facilitates loans. Borrowers can use money to obtain goods and services when they are needed most. The money value of goods and services produced in an economy in an accounting year is called gross national product.

Money functions as a unit of accounting when? - Answers

The most important function of money is arguably as a unit of account, the common measure that people use to set prices or record debts. Any currency that isn't matched to the unit of account that you use for the majority of your It severely limits Bitcoin's potential for mass adoption as money.Which of the following best illustrates the medium of exchange function of money? a. You keep some money hidden in your shoe. b. You keep Any item that people can use to transfer purchasing power from the present to the future is called a. a medium of exchange. b. a unit of account. c. a...As a unit of account, money is used to compare the market value of different goods and services. Display the characteristics of money section of Visual 1. In order for something to function well as money, it must possess six characteristics. Explain each of the characteristics of money as follows...Money also functions as a unit of account, providing a common measure of the value of goods and services being exchanged. Knowing the value or price of a good, in terms of money, enables both the supplier and the purchaser of the good to make decisions about how much of the good to supply......of Money: Chapter 9 flashcards taken from chapter 9 of the book The Economics of Money When a $10 check written on the First National Bank of Chicago is deposited in an account at Citibank Which of the following statements most accurately describes the task of bank asset management?

50. Which of the following best illustrates the medium of exchange function of money? O A. You keep some money hidden to your shoe. OB. You stay monitor of the price of your belongings in phrases of currency. O c. You pay on your double latte using forex. OD. You lend in your buddy. 51. Which of the following lists ranks belongings from maximum to least liquid? O A. foreign money, effective artwork, stocks B. currency, stocks, fine art c. positive artwork, forex, shares D. high quality art, stocks, currency 52. Which of the following companies is liable 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 % and that a financial institution has 00 in deposits. What are its required reserve A. one hundred B. A hundred and twenty O c. 140 E D. 160

15. if some other folks donne netto C. if some wages are underneath the equilibruin level D. if conditions for unemployment insurance benefits are calm down 45. Use the figure below to answer questions 45 and 46. W/P 20 30 40 If there was no minimum wage after which the executive instituted a minimal salary of , what would occur to employment on this marketplace? O A. Employment would upward push by way of 10. OB. Employment would fall by means of 20. Oc. Unemployment would building up through 10. OD. Unemployment would build up through 20. 46. If there was a minimum salary of $Four and then the executive instituted a minimum wage of SS, what would occur to employment on this market? O A. Unemployment can be unchanged. B. Unemployment would drop by way of 10.. c. Unemployment would rise through 10. D. Unemployment would nse through 20. 47. What is the effect of unions on wages and employment? VIA Unions are unlikely to impact wages and employment. PB.Woond elevate wages above the aggressive equilibrium level unions increase the degree of employment in unionized SD Unions decrease the level of employment in nonunionized

49. Which of the following best illustrates the unit of account function of money? A. You checklist prices for candy offered to your Web site, www.sweettooth.com, in greenbacks. B. You pay in your NHL tickets with greenbacks. c. You stay to your backpack for emergencies. D. You cella used replica of your textbook for .

41. According on your textual content, which of the following isn't a reason why that actual labour markets enjoy unemployment? A. unions OB.activity search c. flexible wages D. minimum salary regulation 42. Curtis is a stockbroker. He has had several job provides, but he has grew to become them down as a result of he thinks he can discover a firm that better suits his tastes and abilities. John is an accountant. He has seemed for work for some time, but no accounting companies 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 perhaps to purpose frictional unemployment? DA, the minimal wage B. a employee leaving a role to search out one with better benefits C. labour unions D. an building up in the income tax

38. Prime Minister Bigego is running for re-election in opposition to Finance Minister Pander. Bigego announces that extra individuals are operating now than when he took place of work. Pander says that the unemployment fee is upper now than when Bigego took administrative center. Which of the following can you conclude? A. One of them must be mendacity. B. Both of them could be telling the fact if the labour drive participation price and the labour drive both fell. C. Both of them might be telling the fact if the labour force grew slower than employment. D. Both of them might be telling the reality if the labour power grew sooner than employment. 39. Use the following desk to respond to question 39. This table displays the 2007 data for males and females 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 Five million Five million $Five million o million What is the grownup male unemployment price in Dan? A. 3.70 p.c B. 4.00 p.c S.56 percent 0.5.88 p.c

30. What is the effect of an building up in budget deficit? O A. It adjustments the provide of loanable budget. OB. It changes the call for for loanable budget. OC. It changes both the provide of and insist for loanable funds. OD. It does now not influence the provide of or the demand for loanable funds.

LILLLILSL Tale Will Idll. 28. Which of the following would in all probability occur in the market for loanable budget if the government have been to extend the tax on passion income? O A. The supply of loanable budget would shift proper. O B. The demand for loanable finances would shift proper. O c. The provide of loanable finances would shift left. Op. The call for for loanable finances would shift left.

25. Suppose that in a closed financial system GDP is 10,000, consumption is 6500, and taxes are 2000. What price of executive expenditures would make national saving equivalent 1000? O A. 2500 B. 3500 O c. 7500 Op. 9000

6. Which of the following lists incorporates, on this order, herbal sources, human capital, and bodily capital? O A. for a restaurant: the land where it stands; the issues the chef discovered at cooking college; the freezers the place the steaks are saved OB. for a furnishings corporate: wooden; the company 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 the use of its oil