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Why is it important for money to be durable and limited supply?
Need and wants.
What are the 6 characteristics of money?
Money has many characteristics but I think the most important one would be common acceptability. The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments. Money has many characteristics but I think the most important one would be common acceptability. The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments.
What are the characteristics of money?
durability, portability, divisibility, uniformafy, limited supply, acceptability
How do changes in the money supply impact interest rates in the economy?
Changes in the money supply can impact interest rates in the economy by influencing the supply and demand for money. When the money supply increases, interest rates tend to decrease as there is more money available for borrowing, leading to lower borrowing costs. Conversely, a decrease in the money supply can lead to higher interest rates as borrowing becomes more expensive due to limited money supply.
What Six characteristics of money?
Currency, durability, portability, divisibility, uniformity, limited supply, acceptability.
Why is it important for money to be durable and limited supply?
Need and wants.
What are the 6 characteristics of money?
Money has many characteristics but I think the most important one would be common acceptability. The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments. Money has many characteristics but I think the most important one would be common acceptability. The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments.
What are the characteristics of money?
durability, portability, divisibility, uniformafy, limited supply, acceptability
Why was the creation of a national bank so important to the U.S economy?
The national bank controlled the money supply
How do changes in the money supply impact interest rates in the economy?
Changes in the money supply can impact interest rates in the economy by influencing the supply and demand for money. When the money supply increases, interest rates tend to decrease as there is more money available for borrowing, leading to lower borrowing costs. Conversely, a decrease in the money supply can lead to higher interest rates as borrowing becomes more expensive due to limited money supply.
What Six characteristics of money?
Currency, durability, portability, divisibility, uniformity, limited supply, acceptability.
What is the belief that the money supply is the most important factor in macroeconomic performance?
monetarism
The belief that the money supply is the most important factor in macroeconomic performance is?
Monetarism ;)
What is the purpose of the monetary standard?
without monotary standard there would be no system of which to conrol money and keep it in order. the purpose of monotary standard is to keep money supply durable, portable, divisable, and stable in value.
Why is stable money supply important?
It is important because it provides confidence to the market so people would buy goods.
What important role did the Second Bank of the US play?
it kept the US money supply stable
Why was the creation of a national bank important to the US economy?
The national bank controlled the money supply
