1. The medium of exchange function of money eliminates:
A.
the opportunity cost of holding money.
B.
barter, or the exchange of goods for goods.
C.
the need for chequing accounts.
D.
the need for currency.
2. Barter requires the existence of:
A.
the backing of the government.
B.
the double coincidence of wants.
C.
paper currency and coins.
D.
gold or silver.
Gold and cigarettes can function as money for transactions (a
medium of exchange.)
a) What characteristics of gold and cigarettes make them well
suited to serve as a medium of exchange or limit their suitability
for serving as a medium of exchange? Explain. Be specific. (7-11
sentences)
b) Are gold and cigarettes commodity or fiat money? Are US
dollars commodity or fiat money? Explain. (3-5 sentences)
Explain the legal and ethical issues surrounding the payment of
trailing commissions to finance and mortgage brokers and
advisers.
(Explain the legal environment including disclosure and compliance
covering the relationship between ethics and regulatory
requirements
Q1 ) Nutrient broth is referred to as a general
purpose medium. Explain what is meant by this
statement.
When considering your answer, you
may wish to consider what substance nutrient broth is prepared from
in addition to the further information about microbiological growth
media on pg. 45 of the practical manual.
page 45 => Bacterial
growth media – nutrient broth
The medium used in this practical session to study the growth of
bacteria is a liquid medium termed nutrient...
Name the laws that form the legal basis for labor relations, and
explain their general provisions. Please conduct research to
support your findings, citing at least one scholarly source in APA
format.