Question
In: Economics
Which of the following are money and which are not considered as money in The Republic...
Which of the following are money and which are not considered as
money in The Republic
of Turkey?
a) A credit card
b) A Turkish Lira bill
c) Funds in a demand deposit account
d) Yahoo! Stock held by individuals
e) An American dollar
f) Turkish government securities.
g) Grocery store coupons
Explain your answer by referring to the three basic functions of
money.
Solutions
Expert Solution
*Money
A Turkish lira bill ( its the official currency of Turkey)
An American dollar ( Even if its a foreign currency, it will be accepted)
Funds in demand deposit ( These balances are considered non confidential money)
* options which are not considered as money
Credit cards ( Even though you can make purchases with credit card , its not considered money. Its considered as a short term loan from the credit card company)
Yahoo stock held by individuals ( it won't be accepted by all as Money)
Turkish government securities ( Government securities can't be used in all kind of exchanged)
Grocery store coupons ( Grocery store coupons will be only accepted in Grocery stores)
Rahul Sunny answered 1 year agoRelated Solutions
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