Homework Answers
| Medium of exchange | Unit of Account | Store of Value | |
| Plastic credit card | ✓ | ||
| Picasso painting | ✓ | ||
| Japanese yen | ✓ | ||
| Demand depsoit | ✓ | ✓ | ✓ |
The credit card serves as a medium of exchange function of money. Goods and services can be bought with the help of a credit card.
Picasso painting serve as a store value function of money.
Japanese Yen in the US serve as a store value function of money.
Demand deposit serve as a medium of exchange, a unit of account and store value function of money.
| Money | ||
| Yes | No | |
| Plastic credit card | ✓ | |
| Picasso painting | ✓ | |
| Japanese Yen | ✓ | |
| Demand Deposit | ✓ |
Only a demand deposit will be considered as money in the US economy.
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Volkswagen's Hedging Strategy
1. Why did Volkswagen suffer a 95% drop in its 4th
quarter, 2003 profits?
2. Do you think the Volkswagen’s decision to hedge only 30% of
its anticipated U.S. sales was a good? Why or why not?
3. Do you think the Volkswagen’s decision to revert back to
hedging 70% of its foreign currency exposure was a good decision?
Why or why not?
Embraer and the Wild Ride of the Brazilian
Real
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