How are Commodity Money and Mercantilism related?
A greedy but brilliant businessman in England that was one of the great early thinkers
in the concept of paper money.
A brilliant scofflaw that observed the economy and created hypotheses about stocks
and money that proved to be accurate.
Money is the value by which goods are exchanged and not the value for which goods
are exchanged.
When there is a limited amount of commodity money available, then it makes since to
keep the economy as closed as possible in order to keep the commodity within a
nation's economy.
Money was no longer "locked up" in the value of houses, and allowed much more
money, and profit, to flow through the economy.
Answers: 2
Business, 21.06.2019 23:00, rosie20052019
Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.
Answers: 2
Business, 22.06.2019 19:50, ParallelUniverse
Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32
Answers: 1
How are Commodity Money and Mercantilism related?
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