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

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:30, rome58

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Answers: 3

continue

Business, 22.06.2019 08:00, truthqmatic16

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit

Answers: 2

continue

Business, 22.06.2019 18:00, tifftiff22

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

Answers: 1

continue

Business, 22.06.2019 18:30, thomaskilajuwon

Afarmer is an example of what kind of producer?

Answers: 2

continue

You know the right answer?

Money serves three functions in the economy: medium of exchange, unit of account, and store of value...