How much money did the three Iceland banks borrow in a five-year

Q: Where was paper money first used in history?    a) Germany  B) Chinese  NS) USA  D) Russia…

A: Paper money is a country's official paper currency that can be used for the transaction of goods and…

Q: Economics An article in the Wall Street Journal in 2021 observed, "And, while bitcoin is referred to…

A: Cryptocurrencies are digital or virtual currency backed by cryptographic methods that make…

Q: What are the differences of currency and money?

A: Money refers to the anything that is widely accepted by public and performs as medium of exchange .…

Q: What countries currently use the EURO?

A: To determine the countries that use euro as their currency.

Q: why did the people of Germany not accept Mark as their currency in 1923?

A: During this period of wars, the impact on the economy is negative.

Q: The M2 is $410 million and the savings deposit with post office savings bank is $320 million Find…

A: The information given is as :- M2 = $410 million Saving deposit with post office saving bank = $320…

Q: How do representative and credit money compare to commodity money

A: Representative money includes paper and coins. Credit money includes bonds and credit cards.…

Q: Did you hear about bitcoin? Will the development in these other forms of money reduces the demand…

A: Yes, bitcoin is a type of cryptocurrency.

Q: If 1 US ($) is worth 1.5 (E) British Pound sterling, then that suggests th. Weaker Stronger…

A: If  US ($) is worth 1.5 (pound).

Q: An American traveling to Europe will find it easier to make purchases now because: a. Most countries…

A: The exchange rate determines the price of the currency of a domestic country when it is exchanged…

Q: What is M1, M2 and M3

A: Money supply refers to the total amount of money that is available in the economy during a given…

Q: The currency with public is $330 million , demand deposits is $70 million and other deposit with…

A: The given information is as follows:- Currency with public = $330 million Demand deposit = $70…

Q: In an economy the net time deposit with banks is $38,000 million and M3 is $66,000 Calculate the…

A: The information being given is:- Net time deposit with banks = $38,000 M3 = $66,000 We have to…

Q: Calculate M1 if:- Currency with public = $23,000 Demand deposit = $11,000 Other deposit with RBI…

A: The data presented in the question above:- Currency with public = $23,000   Demand deposit = $11,000…

Q: the main difficulties due to which the barter system was failed.  Also list the primary and…

A: Before the evolution of money, the barter system was being used for transactions. In this system,…

Q: Consider the information about the cconomy of Pakistan. Note that the currency of Pakistan is the…

A: Given: Consumption (C) =Rs 9 trillion Government expenditure (G) = Rs. 3.2 trillion Investment (I) =…

Q: Explain the evolution from the Barter System to the current monetary system we have today. How has…

A: Note: Since you have posted multiple questions, we have solved only Ist question, please post the…

Q: Why some countries are using thin film interference effect in the currencies?

A: When a ray of light falls on a currency, the light gets reflected partially from the top and the…

Q: Why do you think currencies of countries with high inflation rates tend to have forward discounts?

A: As the forward currency's premium (from the perspective of the U.S) is influenced both by the…

Q: Which of the following is not an advantage of Foreign Banks?

A: Volatility measures the deviation of value from the mean. Higher the deviation, higher will be…

Q: Describe the gold standard monetary system.

A: Monetary system refers to the system within which the government circulates the money in the…

Q: 4. Historically, money has become more and more important - the technological developments made…

A: During older days, there was barter system, in which goods were exchanged for goods. Then metals…

Q: Please discuss the global issues associated with banking system. What are some factors that a bank…

A: A banking system is described as the network or group of institutions that give financial services…

Q: 47. Every economy is striving hard to update and improve their paper currency to protect it from…

A: Fiscal policy is undertaken by the government. Under this, the government alters its expenses and…

Q: The world has undergone some changes in monetary system. What had happened in terms of exchange rate…

A: The monetary system is used by the government for providing money in the economy of a country.

Q: The newly-formed kingdom of Monkeytown is attempting to create their first currency. Many…

A: Money can be understood as something which is declared legal tender by the central authority and act…

Q: How does the federal reserve regulate the flow and creation of U.S currency?

A: In the United States, Federal Reserve is the central authority to regulate the flow and creation of…

Q: In Brazil in M1 is $23,500 and post office saving deposit is $15,000 Calculate M2

A: The information being given is:- M1 measure of money supply in Brazil  = $23,500 Post office Saving…

Q: Hong Kong was a British territory for approximately 150 years before being handed back to China in…

A: (a) The currency of China is renminbi. The Hong Kong-China relationship is far more intricate than…

Q: Lets say there is country A which is more developed like china and country B which is less developed…

A: Countries can choose to borrow money from each other to fund domestic exchanges or build better…

Q: What is the international monetary system? explain

A: An international monetary system can be understood as the set of rules, conventions, and supporting…

Q: What are THREE possible impacts one country of borrowing money from another country. both negative…

A: The three possible positive impacts of one country of borrowing money from another country are, 1)…

Q: Which of the following is effective? A) Checks issued in foreign currency B) Foreign currencies in…

A: The currencies and the various notes would result in the addition to the money supply in the…

Q: What is the convertible paper money?

A: There are in total two types of representative money which are:- (1) Convertible paper money (2)…