Ask Question
BusinessBusiness
14 November, 22:09

Why is simply counting currency an inadequate measure of money?

+2
Answers (1)
  1. 15 November, 01:32
    0
    Money is anything that can be used to buy goods or services, it entails several things which includes, checks, deposits, e-cash and many other forms of payments that are more than just paper or coin money. Therefore, simply counting currency is an inadequate measure since it only considers a small portion of money.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why is simply counting currency an inadequate measure of money? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When the owner of a gas station sets the price of 1 gallon of unleaded gasoline at $2 , he can sell approximately 15 comma 000 gallons per day. When he sets the price at $5 per gallon, he can sell approximately 9 comma 000 gallons.
Answers (1)
At the end of the current year, Newsmax Inc. has $400,000 of subscriptions received in advance included in its balance sheet. A disclosure note reveals that the entire $400,000 will be recognized in the income statement in the next year.
Answers (1)
Which of the following correctly arranges market structures in order from easiest entry to hardest entry?
Answers (1)
Type the correct answer in the box. Spell all words correctly. Complete the sentence with the correct word. Mia likes to write books during her free time. At present three of her books have been published and sold around the world.
Answers (1)
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating income of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%.
Answers (1)
New Questions in Business
Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hours a day studying the business section of your local newspaper to determine which stocks to add to your investment
Answers (1)
How are resources allocated in a traditional economy?
Answers (2)
Which of these statements about the world economic system is true? everyone in core countries benefits from the world system. low-wage sweat shops are found in all countries. no one in peripheral countries benefit from the world system.
Answers (1)
If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $8,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is$1,750, and indirect business taxes are $1,000, then
Answers (1)
Why are entrepreneurs considered both spark plugs and catalysts of the free enterprise economy?
Answers (1)
Home » Business » Why is simply counting currency an inadequate measure of money?
Sign Up Forgot Password?