Why are transactions made in money? Explain with suitable examples. -SST 10th

Why are transactions made in money? Explain with suitable examples. -SST 10th
by

1 Answer

Answer :

Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of a blacksmith. He wants to sell tools in the market and buy rice. The blacksmith will first exchange tools that he has produced for money and then exchange the money for rice. The transactions are made in money because a person holding money can easily exchange it for any commodity or service that he or she wants.
by

Related questions

A CPA who has been retained by a client that operates in an industry totally new to him a. May not accept such an engagement. b. May accept the engagement only if the accounting firm specializes in the audit of commercial banks. c. May accept the engagement after attaining a suitable level of understanding of the transactions and accounting practices unique to commercial banking. d. May accept the engagement because training as a CPA transcends unique industry characteristics

Description : A CPA who has been retained by a client that operates in an industry totally new to him a. May not accept such an engagement. b. May accept the engagement only if the ... to commercial banking. d. May accept the engagement because training as a CPA transcends unique industry characteristics

Last Answer : May accept the engagement after attaining a suitable level of understanding of the transactions and accounting practices unique to commercial banking.

Why are transactions made in money? -SST 10th

Description : Why are transactions made in money? -SST 10th

Last Answer : . A person holding money can easily exchange it for any commodity or service that he or she might want. . Thus, everyone prefers to receive payments in money and then exchange the money ... manufacturer will first exchange shoe that he has produced for money and then exchange the money for wheat.

Why are transactions made in money? -SST 10th

Description : Why are transactions made in money? -SST 10th

Last Answer : Money is accepted as a medium of exchange because the currency is authorised by the government of India. In money transactions, money can be paid for any goods or services one desires. For example : the ... wants it. One does not have to wait for another person to agree to an exchange of goods.

Give the reason why transactions are made in money. -SST 10th

Description : Give the reason why transactions are made in money. -SST 10th

Last Answer : A person holding money can easily exchange it for commodity or service that he/she might want.

national alineg whit impearlism led europe to disaster in 1914 ' . Explain the statement with suitable examples. -SST 10th

Description : national alineg whit impearlism led europe to disaster in 1914 ' . Explain the statement with suitable examples. -SST 10th

Last Answer : 1. Nationalism culminated into imperialism in the last quarter of the 19th century. 2. The Balkans in Europe after 1871 3. The Balkans comprised modern-day Romania, Bulgaria, ... the world started to oppose imperial domination. The anti-imperialist movements developed as nationalist movements.

Explain with suitable examples that which part of the service sector is not growing in importance. -SST 10th

Description : Explain with suitable examples that which part of the service sector is not growing in importance. -SST 10th

Last Answer : (i) The unorganised sector of the service sector is not growing in importance. (ii) A large number of workers in the small- scale industries, casual workers in construction, trade and transport, vendors and ... and not regular. (iv) They are paid a very low salary and their is no job security.

Self-help Groups support has brought about a revolutionary change in the rural sector.' Explain with suitable examples. -SST 10th

Description : Self-help Groups support has brought about a revolutionary change in the rural sector.' Explain with suitable examples. -SST 10th

Last Answer : Self-help Groups (SHG's) have brought about a revolutionary change in the rural sector because of its unique idea of selfsustenance and financial independence in the lives of the rural ... as reliable borrowers, these women have also showcased their ability to run income-generating activities.

Explain the meaning of disguised unemployment with the help of any two suitable examples. -SST 10th

Description : Explain the meaning of disguised unemployment with the help of any two suitable examples. -SST 10th

Last Answer : Disguised unemployment: When the people are working in any field for more than their labour necessity. For example, where the need is for 4 labourers and 7 labourers are working, it means 3 labourers ... , plumbers, repair persons, cart drivers do not find work every day or for the whole day.

Identify transactions involving money in our day-to-day life. -SST 10th

Description : Identify transactions involving money in our day-to-day life. -SST 10th

Last Answer : There are several transactions involving money in any single day. 1.In many of these transactions, goods are being bought and sold with the use of money. It eliminates the need for double coincidence of ... might not be any actual transfer of money taking place now but a promise to pay money later.

Explain the concept-of ‘Determinism’ with suitable examples. -Geography

Description : Explain the concept-of ‘Determinism’ with suitable examples. -Geography

Last Answer : (i) In the beginning humans are hugely influenced by nature. (ii) They were afraid of nature’s fury. They worshipped the nature. (iii) Nature determines societies attitudes decisions and their lifestyles. Humans were passive agents and nature dictates their lives as per determinism.

Explain the meaning of Physical Capital . Explain its two types with the help of suitable examples -Economics 9th

Description : Explain the meaning of Physical Capital . Explain its two types with the help of suitable examples -Economics 9th

Last Answer : The physical capital is the variety of inputs required at every stage during production. Its types are as follows: Fixed Capital:Tools, machines, buildings can be used in production over many ... hand are called working capital. Unlike tools, machines and buildings,these are used up in production.

With the help of suitable examples explain natural selection. -Biology

Description : With the help of suitable examples explain natural selection. -Biology

Last Answer : During sexual reproduction, a female gamete or egg cell fuses with a male gamete or sperm cell which are haploid to form zygote. Zygote is diploid which contains 23 chromosomes from mother and 23 ... In this way, an equal genetic contribution of male and female parents is ensured in the progeny

Briefly explain the two broad categories of a newspaper format giving suitable examples. -Technology

Description : Briefly explain the two broad categories of a newspaper format giving suitable examples. -Technology

Last Answer : The analysis of newspaper content suggests two broad categories of newspaper formatBroadsheet Press (quality or serious press)…. Explanation with examplesTabloid Press (Popular or sensational press)… Explanation with examples

Define and explain vector product of two vectors with suitable examples.

Description : Define and explain vector product of two vectors with suitable examples.

Last Answer : Define and explain vector product of two vectors with suitable examples.

Explain scalar product of two vectors with the help of suitable examples.

Description : Explain scalar product of two vectors with the help of suitable examples.

Last Answer : Explain scalar product of two vectors with the help of suitable examples.

Explain the process of socialization with suitable examples and discuss any one agency of socialization you are member of.

Description : Explain the process of socialization with suitable examples and discuss any one agency of socialization you are member of.

Last Answer : Explain the process of socialization with suitable examples and discuss any one agency of socialization you are member of.

Explain following functions: getchar( ) putchar( ) getch( ) putch( ) with suitable examples.

Description : Explain following functions:  getchar( )  putchar( )  getch( )  putch( ) with suitable examples.

Last Answer : getchar( ) - It is function from stdio.h header file. This function is used to input a single character. The enter key is pressed which is followed by the character that is typed. The character that is entered is echoed. ... is to be printed. void main() { char ch='a'; putch(ch) }

Explain different types of excipients used in formulation of tablets with suitable examples.

Description : Explain different types of excipients used in formulation of tablets with suitable examples.

Last Answer : The following are some of the excipients which are generally required in the formulation of tablets: Diluents Granulating agents Binding agents Disintegrating agents Lubricants ,Glidant , Anti ... patient compliance. E.g. approved FD and C dyes, volatile oils and saccharin respectively

.“We all have more than one identity and can belong to more than one social group.” Discuss the statement with suitable examples. -SST 10th

Description : .“We all have more than one identity and can belong to more than one social group.” Discuss the statement with suitable examples. -SST 10th

Last Answer : (i) Carlos and Smith were similar in one way, i.e., they both were African-Americans and thus different from Norman who was white. But they were also all similar in other ways - they ... . identity and can belong to more than one social group. We have different identities in different contexts.

The distribution pattern of the railway network in India has been mainly influenced by physiographic and economic factors.' Support the statement with suitable examples. -SST 10th

Description : The distribution pattern of the railway network in India has been mainly influenced by physiographic and economic factors.' Support the statement with suitable examples. -SST 10th

Last Answer : The physiographic, economic and administrative factors have played an important role in the distribution of railway networks 1. The Northern Plains with vast level land, high population density and rich ... the same time has faced problems such as sinking of track in some stretches and landslides.

Pressure groups and movements exert influence on politics in different ways.' Support the statement with suitable examples. -SST 10th

Description : Pressure groups and movements exert influence on politics in different ways.' Support the statement with suitable examples. -SST 10th

Last Answer : 1. The activities of pressure groups and movements try to gain public support and sympathy for their goals by carrying out information campaigns, organizing meetings, filing petitions etc. 2. They ... in a society and remind the government of the needs and concerns of the ordinary citizens.

Advancement of international trade of a country is an index to its prosperity' Support the statement with suitable examples. -SST 10th

Description : Advancement of international trade of a country is an index to its prosperity' Support the statement with suitable examples. -SST 10th

Last Answer : Advancement of international trade of a country is an index to its prosperity: 1. Resources are space-bound so countries need to trade with each other to procure various resources. 2. When the value of ... for a country because it's a huge source of income as well as a sign of development.

Globalization has been advantageous to consumers as well as to producers.' Support the statement with suitable examples. -SST 10th

Description : Globalization has been advantageous to consumers as well as to producers.' Support the statement with suitable examples. -SST 10th

Last Answer : Globalisation has been advantageous for consumers and producers: 1. Consumers now enjoy numerous choices as well as better quality since it is now an international market. 2. Competition ... the Indian companies have themselves become MNCs themselves like Tata Motors, Infosys, and Ranbaxy.

Democracies lead to peaceful and harmonious life among citizens.' Support the statement with suitable examples. -SST 10th

Description : Democracies lead to peaceful and harmonious life among citizens.' Support the statement with suitable examples. -SST 10th

Last Answer : Democracies lead to peaceful harmonious life among citizens: 1. No society has a permanent solution for the differences that can come up between various groups in it. 2. But democracy ... in the decision making. 5. Democracy reduces the chances of differences or conflicts becoming violent.

Minerals are an indispensable part of our lives.' Support this statement with suitable examples. -SST 10th

Description : Minerals are an indispensable part of our lives.' Support this statement with suitable examples. -SST 10th

Last Answer : Minerals are an indispensable part of our lives: 1. Everything we use in our lives, starting from a small thing like pins to large buildings is made using minerals. 2. Every automobile like cars ... are manufactured from minerals. 3. Even the food and medicines that humans eat have minerals in it

“Different countries face different kinds of challenges.” Support the statement with suitable examples. -SST 10th

Description : “Different countries face different kinds of challenges.” Support the statement with suitable examples. -SST 10th

Last Answer : It is true that different countries face different kinds of challenges - (i) Non-democratic countries face foundational challenges. This involves bringing down the existing non-democratic regime, keeping ... people have won equal rights, but are still poor, less educated and marginalised.

‘For development people look at a mix of goals.’ Support the statement with suitable examples. -SST 10th

Description : ‘For development people look at a mix of goals.’ Support the statement with suitable examples. -SST 10th

Last Answer : It is true that if women are engaged in paid work, their dignity in the household and society increases. However, it is also the case that if there is respect for women there would be more sharing ... safe and secure environment may allow more women to take up a variety of jobs or run a business.

“Efficient means of transport are pre-requisites for fast development”. Support the statement with suitable examples. -SST 10th

Description : “Efficient means of transport are pre-requisites for fast development”. Support the statement with suitable examples. -SST 10th

Last Answer : The pace of development of a country depends upon the production of goods and services as well as their movement overspace. Therefore, efficient means of transport are pre-requisites for fast economic and social development.

“Mineral resources in India are unevenly distributed.” Support the statement with three suitable examples. -SST 10th

Description : “Mineral resources in India are unevenly distributed.” Support the statement with three suitable examples. -SST 10th

Last Answer : (i) Peninsular rocks contain most of the reserves of coal, metallic minerals mica and many other non-metallic minerals. (ii) Sedimentary rocks on the western and eastern flanks of the ... due to differences in the geological structure processes and time involved in the formation of minerals.

“Colonial administrators found vernacular novels a valuable source of information on native life and customs.” Support the statement with suitable examples. -SST 10th

Description : “Colonial administrators found vernacular novels a valuable source of information on native life and customs.” Support the statement with suitable examples. -SST 10th

Last Answer : Colonisers : Colonial administration found the vernacular novels a valuable source of information on native life and customs. This information was useful for them in governing Indian society which had ... most notable form of this community is the nation. This helped the progress of nationalism.

“Premchand’s novels are filled with all kinds of powerful characters drawn from all strata of society.” Support the statement by giving suitable examples. -SST 10th

Description : “Premchand’s novels are filled with all kinds of powerful characters drawn from all strata of society.” Support the statement by giving suitable examples. -SST 10th

Last Answer : Premchand has created very powerful characters in his novels and they cover the whole spectrum of society. In his novels, we meet with aristocrats and landlords, middle-level peasants and landless ... are very strong individuals, especially those who come from the lower classes of rural society.

“The indentured labour gave rise to a new culture in the Carribean islands.” Justify this statement with any four suitable examples. -SST 10th

Description : “The indentured labour gave rise to a new culture in the Carribean islands.” Justify this statement with any four suitable examples. -SST 10th

Last Answer : The Indian indentured labour in the Caribbean developed new forms of individual and collective self-expression, mixing different cultural forms, old and new : (i) In Trinidad the annual ... winning writer V.S. Naipaul and West Indies cricketers like Shivnarine Chanderpaul and Ramnaresh Sarwan.

“Different countries face different kinds of challenges”. Support the statement with suitable examples. -SST 10th

Description : “Different countries face different kinds of challenges”. Support the statement with suitable examples. -SST 10th

Last Answer : It is true that different countries face different kinds of challenges - (i) Non-democratic countries face foundational challenges. This involves bringing down the existing non-democratic regime, keeping ... -American people have won equal rights, but are still poor, less educated and marginalised.

“The establishment of political power by the East India Company resulted in ruination of the Indian weavers.” Support the statement with suitable examples. -SST 10th

Description : “The establishment of political power by the East India Company resulted in ruination of the Indian weavers.” Support the statement with suitable examples. -SST 10th

Last Answer : On earning the power, the British East India Company asserted a monopoly right to trade. It developed a system that would eliminate competition, control cost and ensure regular supply of cotton and ... made them to revolt against the British. They quit their profession and migrated to other places.

‘‘Advancement of international trade of a country is an index to its prosperity.’’ Support the statement with suitable examples. -SST 10th

Description : ‘‘Advancement of international trade of a country is an index to its prosperity.’’ Support the statement with suitable examples. -SST 10th

Last Answer : (i) No country in the world is self-sufficient in all its needs. Goods produced by one country are required by the other country and viceversa. Hence, differences in resources, needs and ... advancement of the international trade and hence, it is called the economic barometer' of a nation.

“For development, people look at a mix of goals”. Support the statement with three suitable examples. -SST 10th

Description : “For development, people look at a mix of goals”. Support the statement with three suitable examples. -SST 10th

Last Answer : It is true that for development, people look at a mix of goals, e.g.,: (i) If women are engaged in paid work, their dignity in the household and society increases. So dignity is an ... other than income. Hence development goal is not only for better income but for other important things in life.

development for one may be the destruction for others. justify your answer with the help of suitable examples -SST 10th

Description : development for one may be the destruction for others. justify your answer with the help of suitable examples -SST 10th

Last Answer : ' development of one may be destruction for others. this statement is true. FOR EXAMPLE - a builder took a contract of constructing a dam over a river. the river provided water for ... been shown that construction of the dam was development for the builders but destruction for the farmers.

development for one may be the destruction for others. justify your answer with the help of suitable examples -SST 10th

Description : development for one may be the destruction for others. justify your answer with the help of suitable examples -SST 10th

Last Answer : 'This answer was deleted by our moderators...

Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________ A. B2B transactions B. C2C transactions C. P2P lending D. PPP Model E. P2P Investing

Description : The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________ A. B2B transactions B. C2C transactions C. P2P lending D. PPP Model E. P2P Investing

Last Answer : C. P2P lending Explanation: P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers.

Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

If transactions not made by the cardholder appear on the statement of account the card holder should dispute them with the card issuing Bank within how many days of the transaction date?

Description : If transactions not made by the cardholder appear on the statement of account the card holder should dispute them with the card issuing Bank within how many days of the transaction date?

Last Answer : 30

Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________ A. USD 25,000 B. USD 20,000 C. USD 15,000 D. USD 10,000 E. None of the Above

Description : Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________ A. USD 25,000 B. USD 20,000 C. USD 15,000 D. USD 10,000 E. None of the Above

Last Answer : A. USD 25,000 Explanation: PAN card need not be insisted upon for remittance made towards permissible current account transactions up to USD 25,000 per financial year.

Wholesaling is best defined as 1. all transactions in which products are bought for resale, for making other products, or for general business operations 2. all transactions made at retail outlets only 3. all transactions in which purchases are for production of other goods only 4. all marketing activities necessary to expedite exchanges to ultimate consumers 5. none of these

Description : Wholesaling is best defined as 1. all transactions in which products are bought for resale, for making other products, or for general business operations 2. all transactions made at retail ... 4. all marketing activities necessary to expedite exchanges to ultimate consumers 5. none of these

Last Answer : all transactions in which products are bought for resale, for making other products, or for general business operations

What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Description : What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Last Answer : b) other things remaining equal

Wholesaling is best defined as A)all transactions in which products are bought for resale, for making other products, or for general business operations. B)all transactions made at retail outlets only. C)all transactions in which purchases are for production of other goods only. D)all marketing activities necessary to expedite exchanges to ultimate consumers.

Description : Wholesaling is best defined as A)all transactions in which products are bought for resale, for making other products, or for general business operations. B)all transactions made at retail ... of other goods only. D)all marketing activities necessary to expedite exchanges to ultimate consumers.

Last Answer : A)all transactions in which products are bought for resale, for making other products, or for general business operations

Explain ACID rule of thumb for transactions.

Description : Explain ACID rule of thumb for transactions.

Last Answer : A transaction must be: 1. Atomic - it is one unit of work and does not dependent on previous and following transactions. 2. Consistent - data is either committed or roll back, no in-between ... . Durable - the values persist if the data had been committed even if the system crashes right after. 

Explain ACID rule of thumb for transactions.

Description : Explain ACID rule of thumb for transactions.

Last Answer : A transaction must be: 1. Atomic - it is one unit of work and does not dependent on previous and following transactions. 2. Consistent - data is either committed or roll back, no in-between ... 4. Durable - the values persist if the data had been committed even if the system crashes right after.

What is it that can act as a medium of exchange in transactions? -SST 10th

Description : What is it that can act as a medium of exchange in transactions? -SST 10th

Last Answer : It is money that can act as a medium of exchange in transactions.