Why are check-writing deposits included in the definition

Assignment Help Macroeconomics
Reference no: EM13314511

a. Why are check-writing deposits included in the definition of money?

b. Is there backing for coins, paper currency, and check-writing deposits?

c. How can money have value without commodity backing?

Reference no: EM13314511

Questions Cloud

The success of modern businesses and organisations : The success of modern businesses and organisations is often characterised by their ability to quickly
How do the following events affect an aggregate spending : How do the following events affect an aggregate spending line?
Discuss which model is better and why : Write a 2 page research paper (excluding the title page) on the Turing and von Neumann models. Compare and contrast each and discuss which model is better and why.
Find the relationship between the multiplier and the mpc : Find the change in the equilibrium level of output when there is a $10 increase in net export spending and the MPC =0.50, 0.75, and 0.80.
Why are check-writing deposits included in the definition : Is there backing for coins, paper currency, and check-writing deposits?
Find the force he exerts on the ball : As a protest against the umpire's calls, a baseball pitcher throws a ball straight up into the air at a speed of 17.0 m/s. find the force he exerts on the ball to give it this upward speed
Use example of polymorphically processing employee objects : Modify your Account superclass so that it is abstract and contains the abstract method, computeSales(). If you added default behavior in the earlier task for computeSales(), remove this default behavior.
What factors may limit the actual increase in aggregate : What factors may limit the actual increase in aggregate demand? b. An increase in aggregate demand should raise equilibrium output.
Compute the linear density of the string : A steel wire with mass 29.7 g and length 1.52 m is strung on a bass so that the distance from the nut to the bridge is 1.10 m. Compute the linear density of the string

Reviews

Write a Review

Macroeconomics Questions & Answers

  Computation of nash equilibrium

What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?

  Give salary subsidies to firms that hire the less-advantaged

Give salary subsidies to firms that hire the less-advantaged. Initiate a federal training program the raises the skills of poor individuals.

  Explain conflicts in goods-producing vs service-providing

A company is trying to provide goods and services to customers in a balanced customer benefit package CPB. Do you see any conflicts in a goods-producing versus service-providing way of thinking

  What impact will the increase have on the firms afc

Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have the firm's AFC (average fixed cost), AVC (average variable cost), ATC (average tota..

  Make table of total product and average product

Suppose you are provided with the following production relationships, where the input is fertilizer (pounds per acre) and the output is rice (cwt per acre). Using graph paper, please graph AVP, MVP, and MFC

  Find the marginal product of capital

Suppose you are the production manager for Widgets, Inc. Your job is to produce a fixed amount of output at the lowest cost possible. When you take over the position, you find that the price paid for a unit of labor is $20 (W = $20), and the price..

  What is marginal rate of transformation in wheat nd cotton

In this exercise, you will find actual points on the combined PPC of the two states. For each of the following values of one good, calculate the maximum amount of the other good that the two countries could produce working together.

  How the tax affects the market for roquefort cheese

Show how this tax affects the market for Roquefort cheese in the United States,shifting the appropriate curve and indicating a new equilibrium quantity and market price.

  What is the npv of expected damages

In response to climate change concerns, the government can either invest in mitigation or adaptation or do nothing. Mitigation reduces the flow of carbon into the atmosphere, thereby changing the probability distribution of future climate states. ..

  What are short-run effects on aggregate price level

Using aggregate demand, short-run aggregate supplies, and long-run aggregate supply curves, explain the process and causes by which each of the following economic events will move the economy from one long-run macroeconomic equilibrium

  Outsourcing decisions made by us companies

Determine the pros and cons of the following consequences of outsourcing decisions made by United States firms in response to increasing globalization and tougher competition in marketplace.

  Computing optimal output and price levels

Tyvex LLC produces professional quality color laser printers. The market for professional color laser printers is monopolistically competitive. Suppoe that the inverse demand curve faced by Tyvex

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