Money is a vital component for a sustainable and harmony life. Knowing the main function of money in marriage is important for a successful marriage. According to (Loh‚2012) a research by Smart Money magazine‚ cited by shows that 70% of spouses surveyed discuss about money no less than one weekly while 36% of men and 40% of women confess that they lied to their couple about their spending. Many couples do not aware about the importance of money. The ability to pay household and utility bills‚ the
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MCD 2090 Tutorial 5 Money and Inflation Ch.12&13 Tutorial Questions 1. What is money? What distinguishes money from other assets in the economy? Briefly explain the difference between fiat money and commodity money giving examples of each. Why current deposits are included in the supply of money? Money is the commonly accepted set of assets in an economy that people regularly use to buy goods and services from other people. • Commodity money takes the form of a commodity
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country’s money supply that results from banks being able to lend. The size of the multiplier effect depends on the percentage of deposits that banks are required to hold as reserves. In other words‚ it is money used to create more money and is calculated by dividing total bank deposits by the reserve requirement. Investopedia explains ’Multiplier Effect’ The multiplier effect depends on the set reserve requirement. So‚ to calculate the impact of the multiplier effect on the money supply‚ we
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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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Money is an instrument that we all depend upon to conduct every facet of our lives. The allure of money is magnified by our need for goods and services that are packaged to wet our appetite to spend more. If we could be contented with having less‚ then our need for money would be decreased‚ but we are constantly bombarded with so much temptation that we have become slaves to money. The funny‚ yet sad‚ thing about our dependence on money is that we have created this monster and have allowed it to
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TYPES OF MONEY: 1. Commodity Money: Whenever any commodity is used for the exchange purpose‚ the commodity becomes equivalent to the money and is called commodity money. There are certain types of commodity‚ which are used as the commodity money. Among these‚ there are several precious metals like gold‚ silver‚ copper and many more. Again‚ in many parts of the world‚ seashells (also known as cowrie shells)‚ tobacco and many other items were in use as a type of money & medium of exchange
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Evan Jones NT1330 Case Scenario 3-1: Obtaining an IP Address Last month‚ a server was configured for DHCP and was functioning normally. Five days ago‚ a test server on the same network segment was promoted to be the first domain controller on the network. Today several users on the same subnet as the original DHCP server have complained that they are unable to obtain an IP address using DHCP. What is the most likely reason users are unable to obtain an IP address? a. The users’ IP address leases
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In the following scenario‚ a female student‚ Suzy‚ in her first-year of university visits a male doctor at the Student Health Centre‚ to which‚ she is told that she has a minor vaginal infection and is then further questioned about her sexual activity. After she mentions the number of sexual partners she has had in the past year and states that she “likes sex‚” the doctor makes a judgmental remark by saying he does not believe a girl of her age should be behaving this way and advises her to go see
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Thomas Alva Edison was an inventor who created many important things that changed the way Americans live today. He was born on February 11‚ 1847 in Mt. Clemens‚ Michigan. He had trouble hearing because of an uncared for middle ear infection‚ and he had difficulty paying attention in school. As a result‚ he was pulled out of school where he was mother was then forced to home school him. At a young age‚ Thomas Edison created a small business where he would sell newspapers on the train‚ and eventually
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THE ROLE AND USES OF MONEY The classical economists were of the view that money was discovered to remove the defects of barter. The important functions of money for them were to serve as a medium of exchange and standard of material. They examined in detail the characteristics of a good money material and the forces which operate in determining the value of money. The classical economists were of the view that the volume of output‚ the quantity and quality of the goods to be consumed‚ the volume
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