Throughout history, all sorts of interesting things have been used as money, including fresh fish and cattle.

Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ineffective?
- allocated by the government
- unit of account
- stackablity
- medium of exchange
- store of value

Cattle is not an effective form of money. What essential characteristic of money does cattle lack that most makes it ineffective?
- allocated by the government
- stackability
- store of value
- medium of exchange
- unit of account

Answers

Answer 1

Answer:

Fresh fish lacks store of value

Cattle lacks medium of exchange

Explanation:

To be effective, money must be a store of value, a medium of exchange, and a unit of account.

Fresh fish cannot be used as Store of value since the value can not be stored for longer period of time. Freshness is short term and difficult to preserve it for longer period of time.

To be a store of value, money has to maintain its worth over time. Fresh fish rots and therefore loses value over time, making fresh fish an ineffective form of money.

Cattle can be used as unit of account and store of value but it is not successful when it comes to the medium of exchange. One bowl of wheat can be exchanged for one cattle or cattle can not be exchanged in pieces.

Cattle are not effective as money because they are not a good medium of exchange. Cattle are cumbersome to transport. Using cattle as money is associated with much higher transaction costs than using paper money. Note that they also cannot easily be divided, which makes them a poor unit of account.


Related Questions

How do traditional models of global stratification breakdown
different categories of countries?
They analyze the degree of industrialization.
They use measures to assess the economic power each nation.
They evaluate cultural norms and social goals.
They measure social mobility between classes.

Answers

Answer:

C. Global stratification examines a myriad of different types of prejudice and inequality, while social stratification covers the social class and standing of individuals.

Explanation:

Traditional models of global stratification breakdown different categories of countries as they use measures to assess the economic power each nation. (B)

What is traditional?

Traditional is produced, done, or used in accordance with tradition.

What is stratification?

Stratification is the arrangement or classification of something into different groups.

What is economic power?

Economic power is one nation's GDP per capita.

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What will be the time in Japan located at 132°E longitude when its 2 pm in Nepal located at 85°E longitude?​

Answers

Answer:

5.p.m

Explanation:

The answer is 17.00 (or 5 p.m.). A circle has 360 degrees. A day has 24 hours. This means that between every hour there are 360/24 = 15 degrees.

WHOEVER ANSWERS THIS RIGHT GETS BRAINLIEST!!
Take a close look at this political cartoon by Benjamin Franklin. He created it to support the Albany Plan.

What does the slogan “Join, or Die” suggest?
Check all of the boxes that apply.

The colonies should work together.

The Iroquois Confederacy must ally with the British.

Britain needs to work with all of the Indigenous tribes.

The colonies cannot survive on their own.

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Answer:

a and d

Explanation:

Which of the following is NOT
synonymous with "Federal Funds
Rate"?
A. Interest rate
B. Inflation rate
C. Discount rate
D. Prime rate

Answers

Answer:

The answer is D, Prime rate. The overnight rate of the federal funds are the basis of the prime rate, and the prime the beginning point for the majority of other interest rates.

Explanation:

sample budget for a 25-30 year old business professional

Answers

Answer:

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.

Explanation:

Is this statement true or false?

During the Civil War tho North effectively used the stratogy of total war" to weakon the South

True

False​

Answers

the answer is deginlty true

What are TWO major contributing factors to deforestation in Africa?
A. hazardous waste spills
B.
infrastructure projects
C.
commercial logging
D.
traffic congestion
E.
household dumping

Answers

Answer:

C. commercial logging and B. infrastructure projects

Compare and contrast the rights and protections of the US Constitution with the AZ Constitution.

Answers

Answer:

The Constitution of Arizona will seem both familiar and alien to those who have only read the Constitution of the United States. The state text contains many similar features: two legislative chambers, separation of powers, and a Bill of Rights — or, to be more precise, a Declaration of Rights.

Explanation:

what is government instability

Answers

Answer:

important feature of a government democrecy

Explanation:

serched it up

agrument on should free speech be regulated on social media​

Answers

Answer:

8Chan was the freespeech version of 4chan, it raised toxic bigots and cuased a guy to shoot a mosque killing like 60 people in new zealend.

Explanation:

M1 and M2 are two definitions of the money supply. Determine whether the items listed are included in the money supply under each of these definitions.

a. Common stock is part of _______________.
b. Money market account balances are part of _______________.
c. Balances in savings accounts are part of _______________.
d. Balances on checking accounts are part of _______________.
e. Certificates of deposit are part of _______________.
f. Currency is part of _______________.
g. Credit cards are part of _______________.
h. Gold is part of _______________.

WORD BANK:
- M1 only.
- both M1 and M2.
- M2 only.
- neither M1 or M2.

Answers

Answer:

a. Common stock is part of neither M1 or M2.

b. Money market account balances are part of M2 only.

c. Balances in savings accounts are part of M2 only.

d. Balances on checking accounts are part of both M1 or M2.

e. Certificates of deposit are part of M2 only.

f. Currency is part of both M1 or M2.

g. Credit cards are part of neither M1 or M2.

h. Gold is part of neither M1 or M2.

Explanation:

M1 is the narrower of the two definitions and includes only the most liquid types of money such as currency, traveler's checks, and balances in checking accounts. M1 is physical money supply that includes cash, coins, demand deposits, etc. It is also know as liquidity.

M2 includes all M1 plus near money such as savings deposit, money mutual fund and other time depositthat are less liquid and not easily transferrable to physical money. M2 is a broader definition. M2 includes M1, certificates of deposit, money market account balances, and savings account balances.

18) The cottage industry system involved manufacturing
A) of hand-made luxury goods.
B) in the home
C) of steam engines.
D) in small factories.
E) cheeses and pastries.
19) The main source of power for steam engines and

Answers

Answer:

In the home.

Explanation:

Simply put, this allows homemade food to be exactly that, food made in the home that can be provided to customers.

Identify the types of breezes and the areas of high and low pressure that cause them.

Answers

refer to the image here

Hello! Miko is here to help!

Asnwer is: I dont know sorry just need to answer something pls forgive me

Where do social inequality come from?

Answers

Answer:

Social inequality results from a society organized by hierarchies of class, race, and gender that unequally distributes access to resources and rights.

how do mountains influence the climate of an area​

Answers

Answer:

The temperature on the mountain becomes colder the higher up you go.

Explanation:

Mountains tend to have wetter climates than the flat land surrounding them

is a piece of wood considered an organism at one time?

Answers

Answer:

A piece of wood is not alive, because once it becomes separate from the tree it cannot use the energy from the sunlight to grow. Therefore a piece of wood cannot be an organism and it never was an organism.

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

Read the definition. Then choose the vocabulary term defined.
a deceased person recognized by the Christian religion as especially pious and virtuous
A heretic
inquisitor
maid
saint

Answers

The answer is saint

Answer:

Saint

Explanation:

A saint is one who lived a life in Christ's grace and performs miracles to those who pray through him or her.

Use the passage to answer the question.

“The dreadful famine that engulfed Ukraine, the northern Caucasus, and the lower Volga River area in 1932–1933 was the result of Joseph Stalin’s policy of forced collectivization. The heaviest losses occurred in Ukraine, which had been the most productive agricultural area of the Soviet Union.” —Library of Congress

Which action of the Soviet government resulted in the event described in this quote?

It sent most of the peasants to forced labor camps.

It embarked on a campaign to exterminate the poor.

It seized all the grain to meet industrial goals.

It exported all the grain to fund the Comintern.

Answers

C, it seized all the grain to meet industrial goals

Match the statements with the appropriate definition. Not all statements will be used.

1. Money is best defined as
a. whatever serves society in three functions: medium of exchange, store of value, and unit of account.
b. whatever the government allows money to be.
c. paper bills and coins.

2. Barter is best defined as
a. an informal market such as a flea market.
b. literally trading one good for another without using money.
c. a situation where two individuals each want some or service that the other can provide.

3. A double coincidence of wants is:
a. a situation where two individuals each want some or service that the other can provide.
b. a situation in which money is used to facilitate economic transactions.
c. literally trading one good for another without using money.

Answers

Answer:

Money is best defined as whatever serves society in three functions: medium of exchange, store of value, and unit of account.

Barter is best defined as literally trading one good for another without using money.

A double coincidence of wants is a situation where two individuals each want some or service that the other can provide.

Explanation:

Barter is trading one good for another without the use of money. Barter is the system where two or more parties directly exchange their goods and service between each other without the use of money.

A double coincidence of wants is a situation in which two individuals each want some good or service that the other can provide. In a barter system, the only trades that people make are those that satisfy this condition. Double coincidence is a system where two individual meet and swap their goods in exchange for others goods.

Money is whatever serves society in three functions: medium of exchange, store of value, and unit of account. As medium of exchange means that can be used to buy anything, store of value means that can be store for future purpose, unit of account as there are numerical unit of money.

What procedure did you use to complete the lab? Outline the steps of the procedure in full sentences. weather patterns

Answers

Procedures that needs to be considered to complete the lab are- a thorough knowledge of lab assignments, knowledge about safety equipment,  reviewing the MSDS of chemicals for lab experiment etc.Explanation:To be lab prepared one must follow these procedures-1. One should have the knowledge of lab assignments to make the lab experiment easier.2. To be aware about safety equipment and their uses in lab, like- the location of fire extinguisher in lab.3. To know the steps of experiments to be performed4. To fill notebook of lab with information regarding the experiment5. One should review the data sheets of chemicals material safety.6. To put on all the necessary dressings to perform experiment.7. To have complete understanding about the experiment disposals.

Answer:

Procedures that needs to be considered to complete the lab are- a thorough knowledge of lab assignments, knowledge about safety equipment,  reviewing the MSDS of chemicals for lab experiment etc.Explanation:To be lab prepared one must follow these procedures-1. One should have the knowledge of lab assignments to make the lab experiment easier.2. To be aware about safety equipment and their uses in lab, like- the location of fire extinguisher in lab.3. To know the steps of experiments to be performed4. To fill notebook of lab with information regarding the experiment5. One should review the data sheets of chemicals material safety.6. To put on all the necessary dressings to perform experiment.7. To have complete understanding about the experiment disposals.

Explanation:

you welcome

Can someone help me with this?​

Answers

Answer:

1. First Johannes Gutenberg cast...

2. He brushed black....

3. When the metal letters...

4. Then Johannes placed...

5. Then he took...

6. When he peeled...

7. To print a different...

OR

5

3

7

4

2

1

6

BRAINLIEST please if this helped!

Is this statement true or false?

At the beginning of the war, most Union and Confederate soldiers believed the war would be quick and glorious

Answers

True, both sides underestimated each other's willpower of their population.

The five themes of geography include location, place, movement, region, and

Answers

Relationships within places (human-environmental interaction)

Which branch of the US military was critical to winning the Battle of Iwo Jima?


the US Army

the US Navy

the US Air Force

the US Marine Corps
Please hurry, 30 minutes left!

Answers

Answer:

The US Marine COrps

Explanation:

Battle for Iwo Jima "The battle of Iwo Island has been won. The United States Marines by their individual and collective courage have conquered a base which is as necessary to us in our continuing forward movement toward final victory as it was vital to the enemy in staving off ultimate defeat.

Select the statement that best defines required reserves.

The amount banks are required by law to hold on each mortgage.

The amount of reserves a bank must keep on deposit at the Fed or in their vault on a given deposit.

The amount of reserves a bank has below the required amount.

The amount of reserves banks have on hand to handle litigation.

Answers

The amount of reserves a bank must keep on deposit at the Fed or in the vault on a given deposit

Required reserves are the proportion of all deposits that a bank must hold on deposit with the Fed, or in its vault. Its proportion is called the required reverse ratio and is determined by the Fed. If the required reserve ratio is 10%, this means that for every $1 deposited in the bank, the bank is required to hold back $0.10 of that deposit. Required reserves cannot be loaned out or otherwise invested.

What was the name given to people looking for new land in western North America

Answers

Answer:

slaves

Explanation:

Answer: pioneers

Explanation:

what role did competition play in the development of art and architecture in northern Italy during the Renaissance?​

Answers

Competition contributed to the development of art during the Renaissance architecture as new palaces and domes where buit while old ones where demolished

Transition from Gothic to Renaissance architecture

The Transition start when there was a need to build the dome (Florence Cathedral), at the time, The competition to build it was won by Brunelleschi, that built the largest dome since Roman times at end of the 14th century.

Learn more about  Gothic and Renaissance architecture here:

https://brainly.com/question/18452308

define the term Gender based violence​

Answers

Answer

any type of violance against a persons gender or affects a persons gender disproportionately.

Explanation:

Classify the actions as either discretionary spending or an automatic stabilizer.

a. Economic growth increases personal and corporate income, increasing tax payments.
b. A bill is passed to increase unemployment benefit payments.
c. Government spending on welfare increases due to an increase in applicants.
d. Congress votes to cut government spending in order to balance the budget.
e. A law is enacted that increases Medicare coverage.
f. The government cuts taxes to stimulate consumer spending.
g. The government increases tax rates to prevent inflation.
h. Tax revenue falls as a result of a recession reducing personal income and corporate profits.
i. An increased number of layoffs increases government spending on unemployment benefits.

WORD BANK
Automatic stabilizer
Discretionary spending

Answers

Answer:

a. Automatic stabilizers

b. Discretionary spending

c. Automatic stabilizers

d. Discretionary spending

e. Discretionary spending

f. Discretionary spending

g. Discretionary spending

h. Automatic stabilizers

i. Automatic stabilizers

Explanation:

a. A bill to increase unemployment benefits is discretionary spending because the government has to make a decision to change something; it does not happen automatically as the economy changes.

b. Cuts in government spending to balance the budget are also a decision that is made that does not happen automatically.

c. A law to increase Medicare coverage does not happen automatically and requires action by the government.

d. Tax cuts to stimulate spending must be written into effect. Since the tax rate is set and does not change by itself, it is discretionary spending.

e. Increasing tax rates also does not happen by itself and must be changed by the government, making it discretionary spending as well.

f. Increased tax payments from economic growth is an automatic stabilizer. As the economy grows, people have more income and firms have more profits. Both therefore pay more in taxes, increasing tax payments automatically.

g. More spending on welfare due to more applicants is an automatic stabilizer too. As more people apply for and receive welfare due to a bad economy, government spending will automatically increase.

h. Tax revenue depends on the level of economic activity. When people are laid off or earn less during a recession, tax revenue falls. Likewise, a decrease in corporate profits automatically decreases taxes owed.

i. More spending on unemployment benefits due to increased layoffs is automatic because when more people are laid off and apply for unemployment benefits, spending automatically increases.

The equation of exchange, M×V=P×Q , relates to the quantity theory of money. In this equation, M represents the supply of money, V represents the velocity of money, P represents the price level, and Q is real output.
Which of the statements describes an implication of this equation in the long run?

Money supply increases (ΔM) will directly increase real GDP.

Changes in the money supply (ΔM) will balance out with changes in prices (ΔP) .

Changes in the money supply (ΔM) will balance out with changes in velocity (ΔV) .

Both money supply (M) and money velocity (V) are held constant.

Answers

Changes in the money supply (ΔM) will balance out with changes in prices (ΔP)

The classical viewpoint of the quantity theory of money is that in the long run, assuming full employment, money velocity in real output are fixed. As these are on either side of the equation, the key inside of the quantity theory of money is that any increases or decreases in the supply of money on the left hand side of the equation will balance out with changes in prices on the right hand side of the equation. That is, in the long run, increasing the money supply causes inflation.
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