Zabour Amtik
Member
Hey all,
I've got a big economics final coming up. I've been looking through my notes and at the study guide and I have a few questions. Obviously i'm not here saying, "please do this for me." But I would just like some guidance from anyone who may be knowledgeable in the field. Like I said, this is just for the study guide anyway, so a direct answer probably wouldnt even get me the grade unless I can study it and understand it. I've never missed a single class this semester for the economics class (it's macro, by the way) and I'm still just lost. Anyway, now that the lengthy intro is out of the way, here are my questions:
I've got the functions of banks listed as 'lending money, holding money, protecting held money, etc.' but i'm supposed to understand that there is a contradiction here. I'm not seeing one, unless my functions are incorrect.
Also, on the United States dollar, it says, "this note is legal tender for all debts public and private". When in a daily situation would currency not be a liable source to repay a debt? And the answer isn't metaphysical or metaphorical.
I've got a big economics final coming up. I've been looking through my notes and at the study guide and I have a few questions. Obviously i'm not here saying, "please do this for me." But I would just like some guidance from anyone who may be knowledgeable in the field. Like I said, this is just for the study guide anyway, so a direct answer probably wouldnt even get me the grade unless I can study it and understand it. I've never missed a single class this semester for the economics class (it's macro, by the way) and I'm still just lost. Anyway, now that the lengthy intro is out of the way, here are my questions:
I've got the functions of banks listed as 'lending money, holding money, protecting held money, etc.' but i'm supposed to understand that there is a contradiction here. I'm not seeing one, unless my functions are incorrect.
Also, on the United States dollar, it says, "this note is legal tender for all debts public and private". When in a daily situation would currency not be a liable source to repay a debt? And the answer isn't metaphysical or metaphorical.