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1. Why is the US$ acceptable in the US and in a number of other countries? In what circumstances would the US$ no longer be acceptable?

2. Explain how banks create checkable deposits by issuing loans.

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1. Why is the US$ acceptable in the US and in a number of other countries? In what circumstances would the US$ no longer be acceptable?

The U.S. money is acceptable in the U.S. because it was made and designed here. Our forefathers are the ones that put together this system for people to use in order to build a house, get land and to have a job. Furthermore, in a number of other countries, the U.S. money is acceptable there too because of the exchange rate. Since, many businesses do have branches or suppliers of ...

Solution Summary

This solution discussed U.S. currency, and banks creating checkable deposits by issuing loans.

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See Also This Related BrainMass Solution

Short answer questions in economics: economics, market economy, command economy,supply and demand

Questions (also attached):

1) What is economics?
2) What types of things are considered in economics? What is not?
3) What role does economics play in your personal decisions?
4) What are the advantages of a market versus a command economy?

1. What is the difference between the shift of and a movement along the demand curve?
2. What is the difference between the shift of and a movement along the supply curve?
3. How do shortages and surpluses develop?
4. What types of shortages and surpluses affect you either personally or in your work environment?

2. Answer the following questions:
a. What causes the changes in supply and demand?
b. How do shifts in supply and demand affect your decision making?
c. List four key points in the study of economics.

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