ponyolovezsosuk5146 ponyolovezsosuk5146
  • 14-08-2020
  • Business
contestada

Even though money loses purchasing power during inflationary periods, people still choose to hold part of their wealth in the form of money because:

Respuesta :

ogorwyne
ogorwyne ogorwyne
  • 15-08-2020

Answer:

Money is an asset with the characteristics of liquidity

Explanation:

people still choose to hold part of their wealth in the form of money because money has characteristics of liquidity, that is, as an asset money can easily be accessed. And during inflation when prices of commodities have skyrocketed, more money would be required for business transactions. Money can easily be exchanged while doing any form of transaction.

Answer Link

Otras preguntas

Write a real world situation that could be modeled by the equation 500+250x=300x
A theater has 28 rows of 38 seats downstairs and 14 rows of 26 seats upstairs.How many seats does the theater have?
An individual can help to control the spread of invasive species by
Solve for x in the equation x^2+4x-4=8
1. 2 4/5v-2/3(4v+1 1/6) 2. 8 - (1/8r - 3 2) 3. 1/7(14x + 7) - 5 You can answer as many as you want and show the work or not, as long as I get an answer I'm okay
how can the reader tell that yellow wallpaper by Charlotte Perkins Gilman is written in the first person point of view
The problem of pollution typically arises in ____ economies around the world
Easton buys televisions from a manufacturer. The net price of a television is $322.00 with a trade discount of 30 percent. The original list price of a televisi
How to solve question 10?
Sales mix is a measure of the percentage increase in sales from period to period. a. True b. False