Home from inexpensive materials

Assignment Help Business Economics

Reference no: EM138679

Q. Throughout history, the most popular form of money has been gold.

a. Provide 3 reasons why gold has been such a popular form of money.

b. Explain your answer what would happen to the value of gold if public discovered that it could simply be made at home from inexpensive materials?.

c. Assume that a country's money supply consisted of silver, copper as well as gold coins, also paper currency. Also assume that the worldwide value of gold began to increase dramatically. Explain what holders of gold could be expected to do with their gold coins.

Reference no: EM138679

Questions Cloud

Article touches on two crucial conditions : The article touches on two crucial conditions for a fiscal stimulus to work.

Types of government programs : Illustrate types of government programs would be most effective in combating each type of unemployment.

Variable is almost normally distributed : If the variable is almost normally distributed does that mean you use common distribution.

Net investment becomes negative : When a company's depreciation is larger than its gross investment, net investment becomes negative and the firm's capital stock decreases.

Home from inexpensive materials : Explain your answer what would happen to the value of gold if public discovered that it could simply be made at home from inexpensive materials.

Consumers and the government totaling : Wheat farmers will receive total revenues from consumers and the government totaling

Explain should decision management : Explain should decision management as well as decision control be separated.

Assumption of independence of risks : Why does the assumption of independence of risks matter in the examples of insurance.

Economic benefits in a current economy : Converse alternatives to GDP as a measure of economic benefits in a current economy.

User Account

All Pages