Selasa, 25 Juni 2019

money and its function

1.why do people accept money ?
 - Answer : we accept money not to cosume it directly but because it directly can subsequently be used to but things we do we to cosume .

2. how are goods exchange in a barter economy ?
- Answer : good and service

3. why is trading expensive in a barter money ?
- Answer : people must spend a lot of time and effort finding other with whom they can make mutually satisfactory swap.

4. what is the unit account in your country ?
- Answer : Rupiah

5.when did germany not use is own currenty?
- Answer : During the rapid germany inflantion of 1922-23 when price in marks were changing very quickly

6. what else does the writer say can be used instead of money as a store value ?
- Answer :  houses , stamo collection , interest bearing bank account

7.what does the writer mean " standard of differed account" ?
- Answer : when you borrow the amount to be repaid next years measured in pound sterling

8.mention the function of the money
- Answer : although convenient

9.what is the main idea of the last paragraph?
- Answer : money as server a standard of deffered payment or a unit of account over time

Tidak ada komentar:

Posting Komentar