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because it earns intrest
What else can I help you with?
How do people save money by recycling?
You save money by using material over again.
When you say that money can be used as a store of value you mean A buyers and sellers are both willing to accept its worth B it will keep its worth over time C it can be used to measure the worth of?
When we say that money can be used as a store of value, we mean that it will keep its worth over time (B). This characteristic allows individuals to save and preserve purchasing power for future use, ensuring that the money retains its value and can be relied upon for future transactions.
How does interest rates affect people?
Interest rates affect the value of holding assets compared to the value of holding money (since putting your money in an investment or a bank account is the opportunity cost to holding it as money). When interest rates increase, it is more profitable to save money than before, so the savings rate (the rate at which people save money at) increases and consumption decreases. Additionally, the interest rate also affects the net present value of the capital stock, wages, and other inputs in production, so production changes with the interest rate. Therefore, the interest rates can affect consumption and production.
When you say that money can be used as a store of value you mean A. buyers and sellers are both willing to accept its worth. B. it will keep its worth over time. C. it can be used to measure the wo?
When we say that money can be used as a store of value, we mean that it will keep its worth over time (B). This function allows individuals to save and preserve purchasing power for future use, ensuring that the value of their money does not diminish significantly due to inflation or other economic factors.
What is money and what are the three uses of money?
Money is a medium of exchange that facilitates transactions for goods and services, serving as a standard measure of value. The three primary uses of money are as a medium of exchange, allowing for efficient trade; as a unit of account, providing a consistent measure for valuing goods and services; and as a store of value, enabling individuals to save and preserve purchasing power over time.
Why does the value of money you save increase over time?
because having it saved earns interest over time
Remodeling my kitchen, what are some money saving tips that will increase the resale value?
I would like to remodel the kitchen in my flip house. What are some cheap tips that will save money but increase the resale value?
How do people save money by recycling?
You save money by using material over again.
Which of these functions of money allows to save their money to use in the future?
storehouse of value
Which of these functions of money allows people to save their money to use in the future?
Storehouse of value. (:
What functions of money allows people to save their money to use in the future?
storehouse value
How does recycling help save you money?
Yes.Recycling does help you or your parents save money,because you can use it again instead of buying it over and over again.
How much money will you save if you save 1 over 6 of 2 dollars?
33.3cents
What are the ways in which videoconferencing provide value to a business?
There are 6 main benefits of video conferencing Scalable and flexible; Save time and money; Easy collaboration; Meeting recording; Increase productivity; Environmental friendly
Explain store of value function of money?
The store of value function of money refers to its ability to maintain purchasing power over time, allowing individuals to save and defer consumption. Money serves as a reliable means to hold wealth, as it can be saved and used in the future without losing significant value. This function is crucial for planning and investment, as it enables people to accumulate wealth and make future purchases. However, its effectiveness can be influenced by factors such as inflation, which can erode the value of money over time.
What is the step to increase gross profit of a company?
There are various steps to increase the gross profit. You have to increase the efficiency of the workers. The waste produced must be recycled to save money.
How to value money and make wise financial decisions?
To value money and make wise financial decisions, it is important to prioritize needs over wants, create a budget, save regularly, avoid unnecessary debt, invest wisely, and seek advice from financial experts when needed.
