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Which best describe why money is an effective medium of change?

Money is universally accepted for goods and services, making transactions easier and more efficient. It provides a standardized unit of value, allowing for accurate pricing and comparison of different items. Money also serves as a store of value, enabling individuals to save and accumulate wealth over time.


What does speed money means?

Speed money refers to a bribe or kickback that is paid to expedite a process or service, often in a business or government setting. It is a form of corruption where individuals or businesses pay extra money in order to receive quicker or preferential treatment.


Is a energy saving trust saving money?

The Energy Saving Trust is an organization set up in the United Kingdom. They are non profit and go around instructing people on how to save money with their energy bills so yeah they do save money.


What are the main sources of state revenue and how do they differ from the main sources of local revenue?

The main sources of state revenue come from personal income tax. They differ from the main sources of local revenue because states get income, property and sales taxes local governments get property taxes plus they get money from the state.


List and explain the three different types of money demand?

The three types of money demand are transactionary, precautionary, and speculative demand. Transactionary demand is for everyday transactions, precautionary is to meet unexpected needs, and speculative is to take advantage of future investment opportunities. Each type reflects the different reasons individuals hold money in their portfolios.

Related Questions

What term is used to describe and individuals money and personal property?

The term commonly used to describe an individual's money and personal property is "assets." This includes cash, investments, real estate, and other valuable possessions owned by the individual.


Is money personal tangible property?

Money is considered personal property and personal property is part of a person's estate.


If you sell personal property on craigslist is that money taxable income?

Yes


What are the classification of property in land law?

Property in land law can be classified into real property and personal property. Real property refers to land and anything permanently attached to it, such as buildings. Personal property includes movable items like furniture, vehicles, and money.


If personal property is not asked for but money is in a small claims action can that property be repossessed?

(Assuming you are the defendant) If the plaintiff is awarded a judgment against you, and you do not satisfy the judgment in full, the plaintiff may file for a writ of execution on the personal property. The personal property can then be sold at a public sale to help pay for the judgment.


If you have an IRA can they take money from it when you go into bankruptcy?

IRA's are exempted personal property. Creditors can not touch this money to pay debths.


Does business personal property cover underground storage tanks?

If that property (the underground storage tanks) is used in the business to make money and you are the owner of the business, then yes. I'm not a lawyer so this is only my opinion after reading the definition of business personal property.


What is one use for the Microsoft money program?

Microsoft Money has a variety of uses for individuals. Its primary use is to help the individual manage his or her personal finances. It can help keep track of personal expenses and customize personal budgets for the user.


When someone dies and the rental is abandoned what do you do with the personal property?

There are specific laws in each state about abandoned property. After a certain period of time you can sell the property and put the money into escrow for the estate.


What term can be used to describe money that is earned by government when if levies Texas?

The term used to describe money earned by the government through levies in Texas is "tax revenue." This revenue is collected from various taxes, including property taxes, sales taxes, and income taxes, which are levied on individuals and businesses. The funds generated are used to finance public services and infrastructure within the state.


If someone owes you money and you have had their personal property for almost three months can you keep it until they pay you the money they owe you?

sell it to what is worth and take your money out that and give them back the rest


Can you add to your estate money given to you in a trust?

Generally: Money given to you "In Trust" is not your personal property. It is not part of your individual estate. You would hold that money as a trustee for the benefit of others.