What are objects called that have value in and of themselves as well as value as a means of exchange? custom commodity money currency simple money

Answers

money should be stored for safekeeping

if you have to make a general question and respond to your thoughts, then this isn't really a question someone can you on. read the passage, form your question, and answer using your thoughts. no one else can understand how you interpreted this text if you don't tell us.

I'm not too sure, but money is worth a lot. It is what buys food and necessities so that people can live a comfortable life.

Explanation:

This is pretty self explanatory. You buy clothes with money. You buy food with money. You pay for things with money. Money is the base of society, and if you didn't have money, you would starve and live on the streets.

Cause-and-effect relationships:

1. "More demand for a product increases how much of the product is produced."

Yes

2. "Governments printing and circulating more money is a way for them to increase inflation on purpose."

No

3. "This cycle of increased spending and increased production is good for an economy."

Yes

4. "This means that wages have not kept up with inflation when it comes to housing prices."

Yes

Explanation:

In Economic, higher demand gives rise to higher prices, which consequently causes supply to rise in order to establish an equilibrium.  Suppliers of goods and services will always produce more with higher demand and higher prices.

2.  The printing of money and circulation of same is not to increase inflation on purpose, though inflation increases as a result.  Governments print more money when they cannot finance their borrowings through bonds.

3. Increased spending with increased production is always good for the economy as it increases the real GDP (Gross Domestic Product), which is a financial metric for measuring an economy's productivity.

4. Wages should be made to keep up with inflation in order not to water down the purchasing power of consumers.

c

Explanation:

1) assets basis:

land = $1,221,151

equipment = $462,000

furniture and fixtures = $308,000

parking lots and landscaping = $370,000

building = $11,241,600

2) interest expense:

interest on notes payable issued to buy land = $52,812

interest expense on other notes payable = $479,733

total = $532,545

Explanation:

the basis of the land (not depreciable):

$370,000 paid in cashPV of notes payable = $770,000 / 1.08² = $660,151closing costs = $37,000demolition of existing structures = $87,000land clearing and grading = $67,000total = $1,221,151

Demolition costs as well as land grading and clearing add to the basis of the land, they are not included as part of construction costs. Therefore, they cannot be capitalized and added to the building's basis. The land is one asset and the building is a separate one, you cannot mix them. Only construction costs incurred when building the building (I don't know how else to say it) can be considered as accumulated expenditures for interest capitalization. The same applies to land improvements, they cannot be included in the construction's accumulated expenditures, they are separate assets.

interest expense on notes payable = $660,151 x 8% = $52,812

basis of equipment, furniture and fixtures (depreciable assets):

equipment = ($522 / $870) x $770,000 = $462,000furniture and fixtures = ($348 / $870) x $770,000 = $308,000

parking lots and landscaping (depreciable land improvements):

$370,000

total building construction expense during 2021:

May 1 : $3,750,000 July 30:  $2,350.000 September 1:  $1,920,000 October 1 : $2,820.000total = $10,840,000

weighted construction expenditures 2021:

May 1 : $3,750,000  x 8/12 = $2,500,000July 30:  $2,350.000  x 6/12 = $1,175,000September 1:  $1,920,000  x 4/12 = $640,000October 1 : $2,820.000 x 3/12 = $705,000total = $5,020,000

capitalized interests = $5,020,000 x 8% = $401,600

basis of building:

total construction expenses = $10,840,000capitalized interests = $401,600total = $11,241,600

interest expense on other notes payable = ($6,100,000 x 8% x 8/12) + ($6,950,000 x 8%) - $401,600 = $479,733.33 ≈ $479,733

     

"Governments printing and circulating more money is a way for them to increase inflation on purpose."    Yes

"This means that wages have not kept up with inflation when it comes to housing prices."    No

"This cycle of increased spending and increased production is good for an economy."    Yes

"More demand for a product increases how much of the product is produced."    Yes

Explanation:

A cause and effect relationship is perceived in a sentence when we can see a factor (effect) that was caused by another factor or set of factors (causes).

In this case, in the first sentence shown in the question above, we can see that the increase in inflation (effect) is caused by the decision of governments to print and circulate (causes) more money in a region.

In the third sentence, we can see that a cycle of increased spending and production of products (causes) causes good effects on the economy (effect).

In the fourth sentence, we can see that a high demand (cause) for a product causes an increase in the production of that product (effect).

A: No. B: Yes C: Yes. D: NO

Explanation: I took the test

Commodity money

Explanation:

Commodity money is known to be money whose value depend on what it is made of or the substance or material that made up the commodity. Thus, different commodities have been used in the past as a medium of exchange, some of which are: silver, gold, livestock, salt, copper, grains, peppercorns, cowries, shells, large stones and so on.

Commodity money. objects that have a value in themselves as well as their value as a means of exchange.


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