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Which economic institution is the best place to store money or get a loan?
Wiki User
∙ 11y ago
a commercial bank
Wiki User
∙ 11y ago
Shaden Carroll
eeeefefergrg
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What is the main functions of Money in economic system?
Money is often defined in terms of the three functions or services that it provides. Money serves:1. As a medium of exchange2. As a store of value, and3. As a unit of account
Is money a store of value?
No, because the value of money depreciates with inflation.
Example of money as a store of value?
making money at a garage sale and saving it
What is money?
Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.[4][5] Any kind of object or verifiable record that fulfills these functions can be considered money.
Was there more economic progress or social progress during the period 1700 to 1914?
The store was true
What is a large place store money or other valuables?
What is a place to store money or other valuables
Is a bank a store?
In the normal use of the term, no, a bank is not a store. A store is a place where you can go to buy things. A bank is a place where you can deposit, withdraw, or borrow money. However it could be argued on etymological grounds that as a bank does store money, it is in that sense a store, or a storehouse.
What is terms of contract?
credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from ythe bank or any financing institution, it is understood that such obligation shalln be paid in money... answered by: christine damasen(**,)
What is contract terms?
credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from ythe bank or any financing institution, it is understood that such obligation shalln be paid in money... answered by: christine damasen(**,)
What is the main functions of Money in economic system?
Money is often defined in terms of the three functions or services that it provides. Money serves:1. As a medium of exchange2. As a store of value, and3. As a unit of account
What is credit is a pecuniary contract?
credit as a pecuniary contract means the credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from a bank or any financing institution, it is understood that such obligation shall be paid in money.
What is pecuniary terms of contract?
credit is always expressed in terms of money. when you buy goods on credit from a retail store or borrow money from ythe bank or any financing institution, it is understood that such obligation shalln be paid in money... answered by: christine damasen(**,)
Where can you save the most money when buying cloths?
depending on the sales and coupons at the store there is never just 1 place to save money.
When you buy an app on the app store and you have a gift card money do you buy the game with that money?
Yes of course..thats why they gave it to you in the first place.!!
When was Money Store created?
Money Store was created in 1967.
When did Money Store end?
Money Store ended in 2000.
What is the primary function of a bank?
It is a place to store money or get a loan. If you get answers here, you should contribute some too.
