There are two parts to this assignment.
Dash Riprock goes shopping at the local music store he sees a CD of his favorite singer Elvis Costello for only $5. Dash picks up the CD to buy it and then at the last minute he sees another CD of another one of his favorite performers, the Beasty Boys, for $7 and next to it is his favorite all time girl band, the Spice Girls for only $10. This is money acting as?
Crunch Hardtack visits the local zoo. He notices there is a charge to see each animal. It costs $45 to see the monkeys and $78 to see the ant eaters and $94 to see the snails. Being a snail lover, Crunch gives the clerk $94 and goes in and sees the snails. This is money acting as?
Bolt Upright wants to take a vacation. He searches on the internet to find the perfect spot to visit. He finds a 3-week vacation in Siberia for only $1000. Then he finds two weeks of fun in Death Valley, California for only $1500. He also notices that he could spend one wonderful week of fun and relaxation in the Sahara Desert for only $2000. At the last minute Bolt changes his mind and decides to put the vacation off and place his money in a savings account. This is money acting as?
Johnny B Wise has $5000 in his savings account.
What function does money play for Dash, Crunch, and Bolt? Explain why Johnny’s money is or is not part of the M1,and/or M2 money supply.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.