Indicate whether each of the following functions as a medium of exchange, a unit of account, or a store of value in the u. s. economy. check all that medium of exchange unit of ac store of value plastic credit card picasso painting japanese yen u. s. dollar bill given your answers to the previous task, indicate whether each of the following is considered money in the u. s. economy. money yes no plastic credit card o o picasso painting ? japanese yen u. s. dollar bil oo

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

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Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account