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Posted: June 15th, 2022
Fisher 201 09 – If lenders refuse to state the debt in terms of dollars
If lenders refuse to state the debt in terms of dollars, then dollars will not be aa. unit of accounting.b. medium of trade.c. retailer of worth.d. customary of deferred fee.Which time period under suits closest to cash functioning as a unit of accounting?a. Yardstickb. Specializationc. Exchanged. LiquidThe potential to rapidly convert an asset into money isa. liquidity.b. disintermediation.c. monetary intermediation.d. the customary of deferred fee.The explanation we’re prepared to settle for cash with no intrinsic worth is thata. we’ve a fiduciary financial system in which foreign money has each acceptability and predictability of worth.b. the cash provide is backed by an equal quantity of gold and silver.c. the demand for cash is backed by an equal quantity of gold and silver.d. the worth of the cash varies straight with modifications in the value stage.
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