Reference no: EM13740040
Find an article (newspaper, magazine, or online) that shows the use of money as a medium of exchange, a store of value, or a standard of value, or the failure of money to serve in these uses. Use the article to answer the following questions. Write a paragraph (350-500 words)
1. What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1." Although all other forms of money include cash, M1 is the smallest measure of money that includes cash.) If the article is about money of a different country, use the definitions of M1,M2, etc. as if they applied to the foreign country.
2. Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. Which one of those functions does it show? The event may have occurred in the past, may be expected to occur in the future, or may be a current event.
3. Indicate the source (name of newspaper or magazine), title (newspaper headline or magazine article title), date, and page for the article you have chosen. THIS IS REQUIRED.
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