potentially serve as money? Consider each as (1) a medium of exchange‚ (2) a unit of account‚ and (3) a store of value. a. Visa credit card It is not money because it fails the store of value test. b. Federal Reserve note Yes it can serve as money. c. Dog No‚ it cannot be used. d. Beer mug No‚ it cannot be used. 4. What backs the US dollar? Include the distinction between commodity money and fiat money in your answer. Commodity money is anything that serves as money while having market
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There are total of five federal offenses: crimes committed on high seas‚ federal property‚ and crossing a state or national border‚ Dereliction of Interstate Commerce‚ and harming a federal official while they are on duty. The Federal Courts are use for impeachment of a Public Official‚ disputes between two or more states‚ and Federal Courts have total jurisdiction over people filing bankruptcy in the U.S.. In my opinion‚ having total jurisdiction over people filing bankruptcy in the U.S. is most
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email explaining the importance of needing to speak with you. Shay has been recommended for retention which I disagree with the recommendation. Therefore‚ speaking with I believe we will be able to find the best solution for this matter. Holding Shay back is not helping him but apunishment. Shay is entitled to a free appropriate public education‚ therefore if Shay is that far behind I would believe his IEP is not working and it’s time to update and amend it. Shay had
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* Function of money * Store of wealth (value) is any form of commodity‚ asset‚ or money that has value and can be stored and retrieved over time. Real estate‚ precious metals‚ gem stones‚ and similar assets can be a store of value. In all of these cases‚ people can exchange these items and hold them for varying periods of time. The value may even rise in storage‚ and sometimes a store of value can be held strategically with the goal of enjoying a rise in value‚ as for example with people who
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MONEY MARKET The money market is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames. Trading in the money markets involves Treasury bills‚ commercial paper‚ bankers’ acceptances‚ certificates of deposit‚ federal funds‚ and short-lived mortgage- and asset-backed securities. It provides liquidity funding for the global financial system. Money markets and capital markets are parts of financial
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BICT LEVEL 300 MIS ASSIGNMENT JOHN NII ARMAH HAMMOND POSTINO DUGLE 20081462 20081467 MOBILE MONEY TRANSFER IN GHANA‚ CHALLENGES AND ECONOMIC BENNEFITS INTRODUCTION The introduction of mobile money service is taking place in isolation but in parallel with the advent and expansion of other financial electronic payments services. One of these is E-Zwich‚ an electronic platform that enables the loading and spending of electronic cash and also allows the settlement of inter-bank claims
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1. What is black money? Black money is essentially the currency used in ‘black economy’. Black‚ shadow‚ underground‚ unobserved‚ unofficial‚ subterranean‚ unrecorded‚ informal‚ irregular‚ second‚ twilight‚ parallel – are all the synonyms used for the ‘shadow economy’. The shadow economy basically consists of legal and illegal activities outside the reach of the government. Smith (1985‚ p.18) provides a very broad definition of the shadow economy as ‘market based production of goods and services
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Back to School In a world where the all the countries compete with each other all the time‚ it’s important for every country to make sure that the future adults are well educated and capable of participating in this competition. In the speech ‘Back to School’ Barack Obama encourages the young people of America to get an education and work hard in order to continue America’s history of success. Obama’s speech is addressed to the young people of America. He speaks directly to a bunch of young
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President B. Obama’s speech “Back to School” President Barack Obama held a speech called “Back to School” delivered at Wakefield High School in Arlington‚ Virginia on September 8th 2009. Barack Obama addresses the values of hard work and taking the responsibility for paving success‚ no matter how hard the obstacles might be. The intention of the President’s speech is to persuade and motivate students all over America to stay focused‚ do their best‚ and take full advantage of their potential‚ and
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Assignment on Blackboard: Due January 24 Bond market: the market where interest rates are determined Lending someone the use of your dollars for a specific time period Bonds are debts that have to be paid back Interest rates Rates tend to move in the same direction Stock market: most widely followed financial market Share of stock is a share of ownership in a corporation Stock is always in existence as the corporation exists Consumers care about what is going in the stock market because
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