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  • Economics
    If you are talking about “demand for money” as a technical economic term, this statement is not true. The demand for money, as an economic concept, is very different than demand for wealth....

    Asked by p3pj812 on via web

    1 educator answer.

  • Economics
    In order to determine whether pebbles from a beach will make a good form of money, we have to look at the properties that an object must have in order to be useful as money. There are generally...

    Asked by sweetchica on via web

    1 educator answer.

  • Social Sciences
    In essence, what you are talking about here is a return to bartering. Instead of paying money for things, we would barter one thing for another. Returning to bartering would be very inconvenient...

    Asked by lilylee on via web

    1 educator answer.

  • Metallurgy
    The U.S. penny is, of course, only worth one cent. It is not difficult to exceed that value in the process of minting coins. The United States Mint, which is responsible for the design and...

    Asked by jcarrol on via web

    1 educator answer.

  • Social Sciences
    Not only in economics, but M1 and M2 are important to understand for the pure sake of consuming. M1 and M2, while both are representations of money, differ quite significantly. I will start with...

    Asked by armyof32000 on via web

    2 educator answers.

  • Social Sciences
    There are generally said to be three main functions of money. All of them are important. Let us examine them. Money serves as a medium of exchange. What this means is that you can give people...

    Asked by armyof32000 on via web

    1 educator answer.

  • Business
    People felt that the National Bank Notes were more secure than the greenbacks that had previously been used because there were fewer banks that could issue them and because those banks were more...

    Asked by kristenmariebieber on via web

    1 educator answer.

  • Social Sciences
    In order to answer this, we must first understand what the demand for money is. It is important to realize that this is not a measure of how much money we want to have. If it were, we would...

    Asked by yemawe52 on via web

    1 educator answer.

  • Money
    This is one of those "big" questions. It will be impossible to find one succinct answer that ends all discussion within the question. Indeed, what is gained here will only open up more dialogue....

    Asked by yemawe52 on via web

    1 educator answer.