Stores need not accept your check but must accept currency

Assignment Help Business Economics
Reference no: EM13819077

Stores need not accept your check but must accept currency because

a. currency is backed by gold

b. checks are not money but currency is

c. currency is legal tender; checks are not

d. currency is easier to handle

e. currency is a medium of exchange; checks are no

Reference no: EM13819077

Questions Cloud

Less expensive to corporations than dept capital : equity capital is usually less expensive to corporations than dept capital. capital structure is optimal when all sources of capital provide equal funds. debt capital is usually less expensive to corporations than equity capital..most companies use p..
Investors is best answered from the income statement : Which of the following questions from investors is best answered from the Income Statement?
Project cash flow statement will show small gains tax credit : At the end of a projects life, an asset will be disposed. The projects cash flow statement will show a small gains tax credit (positive cash flow). Which of these statements must be true?
Net worth on a banks balance sheet is : Net Worth on a bank's balance sheet is
Stores need not accept your check but must accept currency : Stores need not accept your check but must accept currency because
About retained earnings : Which of the following is true about retained earnings?
Capital stock is fixed-average physical product of labor : Suppose that in the short run the capital stock is fixed at 100, write down an expression for. The total physical product of labor. The average physical product of labor.
Double-declining-balance method : A company purchased a POS cash register on January 1 for $5,200. This register has a useful life of 10 years and a salvage value of $500. What would be the depreciation expense for the second-year of its useful life using the double-declining-bala..
The binomial model a useful technique : Why is the binomial model a useful technique for approximating options prices from the Black- Scholes(-Merton) model? Describe some applications and uses of this model. Does put-call parity always hold in financial markets? If not, give a few reasons..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd