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When consumers get more money they tend to substitute what kind of goods for normal goods?
Consumers with more money are more likely to purchase luxury goods.
What is the difference between money and fiat money?
Money is any object excepted in exchange for goods and services. The object used in place of goods and services, to purchase goods and services.Fiat money is government authorized currency based on governmental placed value.
What is the transaction called when money is given in exchange for goods or services?
A purchase.
How does trade affect production and consumption in each country?
Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.
What is Money spent to purchase goods and services?
give the clerk the money or put a gun to there head
Who is the lien holder of your car?
The lender who loaned you the money to purchase the car and to whom you make the payments.
What is proper utilization of money?
Money is used to purchase goods and services.
When consumers get more money they tend to substitute what kind of goods for normal goods?
Consumers with more money are more likely to purchase luxury goods.
When you invest in a mutual fund?
your money gets loaned out to businesses and companies.
What is another name for borrowed money?
loaned money
Can you use a money order to purchase goods at JCPenney?
You cannot use a money order to purchase goods at JCPenney. They only accept cash, checks and major credit cards as forms of payment.
Why was money loaned to Europe after World War 2?
The money was loaned to Europe so the countries could be rebuilt and to stabilize their economy
What is the difference between money and fiat money?
Money is any object excepted in exchange for goods and services. The object used in place of goods and services, to purchase goods and services.Fiat money is government authorized currency based on governmental placed value.
How is the remaining balance collected?
Who loaned the money?
What is the transaction called when money is given in exchange for goods or services?
A purchase.
If you return a motorcycle 30 days of purchase from a dealer what can they do in North Carolina?
You cannot just return a vehicle you bought. It is yours or the lender's who loaned you the money to buy it. There is no cooling off period on the purchase of a vehicle.
Difference between balance of trade and balance of payment?
Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.
