Question 4 of 10
Since money is used to make buying and selling goods more efficient, it
functions as a
A. monetary base
B. medium of exchange.
C. measure of value.
D. money supply

Answers

Answer 1
B) Medium of exchange
hope this helps x
Answer 2

Since money is used to make buying and selling goods more efficient, it functions as a medium of exchange.

What do you mean by medium of exchange?

A medium of exchange is a device or system that acts as a middleman in transactions involving the exchange of goods between parties. A system must represent a standard of value in order to serve as a medium of exchange.

All parties must concur to that norm as well. Currency serves as the primary means of exchange in modern economies. A trade between two parties in a traditional barter system can only take place if one party has a commodity that the other party wants, and vice versa.

It is unlikely that both parties would concurrently seek something that the other party possesses in a cross-occurrence.

Anyone who has money can participate in the market on an equal footing. When customers pay for a goods or service, they are essentially placing a bid in response to the price being asked. In the marketplace, this relationship brings about order and predictability.

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Related Questions

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Out of all the different components of a society, Which one do you think is the most important in creating a successful society?

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Answer:

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French and Indian War Consequences

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Answer: So the British and the French and the Indian war it had a big impact back on the british empire like it was meant a great expansion for the British territorial claims in for the New World. The War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent.

A political party that believes the federal government should control the entire economy, and there should be no private ownership of business

Answers

Answer:

Communism believes the federal government should control the entire economy, and there should be no private ownership of business.

Explanation:

Communism: an economic system in which the distribution of property and resources is primarily controlled by the government.

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The answer is prestige

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soooo how y’all today? Hm? Also...fine is not an answer choice :<
and and *pats seat next to me* wanna hug??? c(0v0)c
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Answer:

My day was good, how was yours. o.o I would love a hug. ;D I'm dressing up in a shirt with a ghost and a mask and wearing a mask with it because i'm creative. :) You can give me your ig or discord and we can talk on that and be friends, if you want. :D

Explanation:

Which statement correctly desCanada’s early settlers were from all of the following countries except __________.
A.
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B.
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C.
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Answer:

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Explanation:

Describe what happened to the Muslim government of Spain in the early 1000's.

Answers

Answer:

What happened th Muslim majority of Spain?

between 1609 and 1614, on Royal orders, almost all the formerly Muslim population of Spain, know as the Moriscos, was expelled from the country. the deportation involved several hundred thousand people and, in that sense, dwarfed the much better-know edict to expel Spanish Jews, which was drawn up in 1492

Answer:

In the early 1000’s, the Muslim government of Spain collapsed.

Explanation:

I really hope this helps :)

--Juri Davis

What was the key factor leading to the failure of the International Trade Organization (ITO)?

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-the United States withdrew Its support

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Answers

Answer:

its b

Explanation:

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Can you help me, please

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Answer:

The length of the grass would be short so it will be much easier to cut the grasses

Explanation:

she use all her effort to push the lawn across the grass to get them cut much faster

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What is the official language of the United States? What benefits and problems do you see with this choice?

Answers

Answer:

English perferably though it does not have a specific language.

Explanation:

The United States does not have an official language, but they use English, specifically American English, for legislation, regulation, and other official pronouncements... The benefits far out way the drawbacks, because most of the country speaks English.

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Explain the causes of war. What were the impacts of the events leading to that war ?

Answers

Answer:

people were made about the trading policy. other colonies had things others wanted, but it was very hard to get that item and obviously they wouldn't give it up. they would be mad about other wars that probably happened, and they didn't like it so they would jump in. just different things that could cause a war.

Explanation:

What was the most important development in the study of geography to date, and who was responsible for it?
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b. The star chart, which was invented by the Muslims.
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Answers

It would be C, because telescopes were so useful at the time. If not then B, because, star charts worked to identify were each part of the stars were, and how to identify theyre names. Hope i helped

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Answer:

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Explanation:

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Answers

Answer:

when the Egyptians explored south along the Nile, they found the riches of Nubia. This land had other natural resources, such as gold mines and cattle. After the Egyptians conquered Nubia, they expanded trade to other parts of Africa. Throughout early history, most Egyptians were self-sufficient farmers.

Explanation:

hope this helped a little

Answer:

Because in Nubia they discovered more resources like cattle.

Explanation:

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Answers

Answer:

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Explanation:

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Answers

Answer:

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Answer:

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Answers

Answer:

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Explanation:

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Explanation:

Answer:

That is true.

Explanation:

Writing was first developed by early civilizations as a way to do math, keep records of their leaders, and trades.

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Answers

Answer:

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Explanation:

Congress is given the power to print money through the Federal Reserve System.

~

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Explanation:

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Answer:

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Explanation:

Answer:

Yup, their the same person.

Explanation:

Both names apply.

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Answer:

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Answers

Answer:

Parliament's first direct tax on the American colonies, this act, like those passed in 1764, was enacted to raise money for Britain. It taxed newspapers, almanacs, pamphlets, broadsides, legal documents, dice, and playing cards.

Explanation:

:)

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British officers chose the best colonial troops to serve as colonels and generals.
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Answers

Answer:

British officers looked down on colonial troops and saw them as inferior.

Explanation:

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Answer:

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Answers

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photosynthesis

Explanation:

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Answer:

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Explanation:

I just took the test

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Answers

Answer and Explanation:

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Answer:

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