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Who decides the value of money? What a great question. Before there was paper money, we had barter. When a exchange is made, it is up to the seller and the purchaser to agree. Just recently has the fixed priced accord which inflates the real idea of negotiation. Bottom line the consumer, what are you willing to pay. The price is subject to change depending on your values.
What else can I help you with?
Which branch decides how much people should pay in taxes and what to do with the tax money?
executive
How is budget committee and budget manual?
A budget committee decides on how money is allotted and a budget manual is the plan to implement.
Why does Fiat money differ from commodity money?
Fiat money differs from commodity money because it is a more convenient form of money. It is easier to carry around paper money that it is to carry around gold or silver or other commodities. Fiat money is a promise to pay in the future while commodity money derives its value from the commodity of which it is made. Fiat money has value because the government declares that it has value. Fiat money only has value as a medium of exchange.
Concept of the time value of money?
Time value of money concepts dictates that amount recieved today is not equal to amount receivable at some future time and some amount sometimes interest which is the value of time involved with that money.
What is the difference between a financial accountant and a financial controller?
Accountant keeps track of business records, Controller decides where money should be spent.
What are the roles of money supply in the economy?
Money supply determines the value of money i.e. if there are a lot of money in an economy, the value decreases and the other way around. Therefore, money supply essential decides the price of a good (if the money is worth less, the prices go up ...etc...) Hence, according to monetarists, money supply is the key ingredient of inflation (and deflation)
What are the roles of money in the economy?
Money supply determines the value of money i.e. if there are a lot of money in an economy, the value decreases and the other way around. Therefore, money supply essential decides the price of a good (if the money is worth less, the prices go up ...etc...) Hence, according to monetarists, money supply is the key ingredient of inflation (and deflation)
Who decides what money is worth?
the president?
Who decides how much money the government has to borrow?
Nobody decides how much money the government has to borrow. When the government wants to borrow money it has to issue or create debt with the US Treasury.
Who decides the value of currency?
bum bum man
Who decides whether a bill shall be called a money bill or not?
Speaker of the lok sabha decides whether a bill shall be called a money bill or not.
Which branch of government would decide what value would be placed upon money?
The branch of government that primarily decides the value of money is the executive branch, specifically through the Department of the Treasury and the Federal Reserve System in the United States. The Federal Reserve controls monetary policy, including interest rates and money supply, which directly influences the value of money. Additionally, the legislative branch plays a role by establishing laws related to currency and financial regulations.
What decides the value of a currency?
Amount of gold desides currency of country.
Who decides socialist business real estate?
Property management company decides all the real estate business listing according to market value.
How much money is a used golf cart?
As much as the seller decides to sell it for.
What does it mean by money loses value isn't money money?
Money can lose value by inflation or gain value through deflation.
Is the right price a fair price?
The question is also the answer, the right price is the fair price. Who decides what is right and what is fair, the customer will decide the 'value for money' question. The customer knows the right price for every product
