Final answer:
Fiat money differs from commodity money in that it only serves as a medium of exchange and has value solely due to government declaration, not because of any intrinsic value, unlike commodity money which has other uses beyond being a medium of exchange.
Explanation:
The main difference between fiat money and commodity money is that fiat money only has value because it is declared as legal tender by a government and it serves solely as a medium of exchange. It has no intrinsic value. On the other hand, commodity money has intrinsic value as it can be used for other purposes besides being a medium of exchange, such as gold, which is valued for its physical properties and industrial uses.
Historically, people have used various items like gold, cowrie shells, and cocoa beans as commodity money because they had value outside of their use as money. With the rise of more complex and global economies, the use of commodity monies became impractical, leading to the adoption of fiat currencies like the U.S. dollar. The value of fiat money is based on universal faith and trust in its value as authorized and maintained by governmental decree. The Fed monitors measures of money supply, including M1 and M2.
How do scarce resources influence you personally? What impact does this have on your financial management?
Answer: fossil fuels
Explanation: fossil fuels values revolve around supply and demand becuase there is a shortage of fossil fuels which is why they are worth more and can impact the economy, which would also mess with your financial management
steve and his brother used to work at the same organization. a few months ago their employer terminated them because the business had slowed due to slow economic growth in the country. a couple of months later, steve found out that many of his friends are also unemployed. the government stated that gdp had fallen for two consecutive quarters. steve’s country is experiencing which economic phase?
A.) Inflation
B.) depression
C.) Deflation
D.) recession
The answer is D, recession
Answer:
D.) recession
Explanation:
A recession is a state in which there is a negative down turn in an economic growth causing the GDP growth to reduce drastically.If a country's economy is facing recession, business sales and revenues would decrease thus causing lot of businesses to stop expanding. This would latter lead to retrenchment of staff and cause an inccrease in percentage unemployment rate.
The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called ________.
What do you call the materials that help you achieve your goals?
The materials that help you achieve your goals are referred to as Resources .Example of resources include knowledge, capital, connections...All of these can help you achieve you goal, business goal for example. If you have capital (financials) you can start your business, if you have knowledge you can work towards achieving your ideas and goals. Connections (social) are also very important.
A sum of money is invested at 12% compounded quarterly. About how long will it take for the amount of money to double?
Compound interest formula: V(T)=P(1+r/n)^nt
t = years since initial deposit
n = number of times compounded per year
r = annual interest rate (as a decimal)
P = initial (principal) investment
V(t) = value of investment after t years
p.S: Please explain, I have a couple problems like this so having an example to go off of would be nice. :)
x Thanks
The really answer is A which is 5.9 years
Some states have enacted balanced budget amendments that prohibit annual spending from exceeding annual revenues. Please select the best answer from the choices provided T F Some states have enacted balanced budget amendments that prohibit annual spending from exceeding annual revenues. Answer is True. [ ]
The amount of money in the economy is called the _____.
Answer:
Money supply
Explanation:
it is trust
Explain the difference between at least four different post-secondary options, and provide an example of one possible career choice that exists within each option.
A budget is _____.
Select the best answer from the choices provided.
A).a comprehensive plan of how one manages their money
B).a comprehensive plan which brings one into unmanageable debt
C).income
D).expenses
A natural monopoly can occur when the average cost of making a good _____ a lot as output increases.
decreases
increases
The answer is: Decreases
Natural monopoly refers to a type of monopoly that exist because the start up cost to start similar business is too high.
This could only occurs if there is a single company exist for a long period of time, to the point where it acquire enough assets to make the average cost of making their goods at the lowest point while maximizing their inputs.
__________ is a specialized accounting book, where transactions are categorized according to type. for example, all utility transactions are recorded in the same category.
What is the main advantage of using a credit card?
About how many tax returns are selected by the IRS of adults each year?
Effective feedback should focus on the behavior, not the person.truefalse
Effective feedback should focus on the behavior, not the person. When someone focus's the feedback on the person, it is not considered effective.
The answer is: False
Which of the following statements explains the relationship between Social Security and Medicare taxes?
a.
Both Social Security and Medicare are applied to all wages up to the maximum taxable earnings.
b.
Both Social Security and Medicare are applied to all wages without limit.
c.
Medicare is applied to all wages up to the maximum taxable earnings. Social Security is applied to all wages without limit.
d.
Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit.
Answer:
D is the answer
Explanation:
Which of the following actions would likely raise automobile insurance premiums?
Maintaining a safe driving record
Never being involved in a collision
Receiving multiple speeding tickets
Taking a comprehensive safe driving class
Answer:
Receiving multiple speeding tickets
Explanation:
The action that would likely raise the automobile insurance premiums is receiving multiple speeding tickets because this indicates the insurance company that this person has a high risk of accidents because of the way that drives and with the higher risk, the insurance premium will increase.
The other options: maintaining a safe driving record , never being involved in a collision and taking a comprehensive safe driving class don't increase the risk of being involve in an accident so the insurance company they won't raise the premium.
Which statement is false?
A monopoly sells lower-quality products at higher prices than in a perfect competition.
Natural monopolies are necessary to avoid wasteful duplication of resources.
Collusion is legal in the United States, but cartels are not.
The start-up costs in a monopolistically competitive industry are low.
Homogeneous products leave consumers with no choice.
The correct answer is C. Collusion is legal in the United States, but cartels are not.
Both collusions and cartels are illegal in the United States
Describe at least three things you can do to protect yourself from identity theft. (1-3 sentences. 2.0 points)
Which of the following statements is true about using fonts in business documents?
A. Sans serif fonts, such as Arial, are best in business letters and emails.
B. Use as many different types of fonts in a business letter as you can.
C. There are no standards about using fonts in business documents.
D. Serif fonts, such as Times New Roman, work well in business letters and emails, especially when the font size is small.
letter a is the correct answer
The statement true about using fonts in business documents is Sans serif fonts, such as Arial, are best in business letters and emails. Thus the correct option is A.
What is the importance of business documents?Documentation plays a crucial role in corporate governance and operations since it inspires confidence in your company among clients, potential investors, and employees. When defending against litigation and accusations, documentation is efficient handling.
Determining the correct font for your documentation can help them project credibility and dependability. Using expert fonts in your publications will help you leave a lasting impression on readers.
Fonts are an essential component of a brand because, when used properly, they may generate feelings and highlight a business's best qualities. It enables readers to engage with the topic.
Therefore, option A is appropriate.
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Drew is considering purchasing a new vehicle. What are three things he should review closely on the contract
Which of these businesses are in monopolistic competition?
a. Two clothing shops, one selling women's clothing and the other selling kids' clothing
b.Two agricultural producers, each selling a variety of kinds of citrus fruit
c.Two pet stores, one of which sells dog products and the other of which sells bird products
d.Two phone providers, each offering benefits to customers who switch to its service
Answer: d. Two phone providers, each offering benefits to customers who switch to its service
Explanation:
Monopolistic competition occur when there are many firms producing different products which has close substitutes, that is the products are similar. Also, products are known or recognised based on their quality or design and producers are free to enter or exit because there are no barriers. Hence, advertisement is used in promoting sales of goods and services and firms tend to lower prices in order to sell their goods.
PLEASE HELP!!!!!
How did poor intellectual property laws benefit the United States during the Industrial Revolution?
They decreased labor costs.
They increased exports.
They encouraged people to buy goods produced in the U.S.
They allowed entrepreneurs to make advances to industry.
I think your answer would be C. They encouraged people to buy goods produced in the U.S.
What does Osha stand for?
Answer: the other guy is correct
Explanation: Stay safe Have a good day!!
You have returned from a trip to Europe and still have €128 euro. How much in U.S. dollars should you receive if the exchange rate is $1 USD = €EUR 0.6991?
$128.70
$183.09
$127.30
$89.48
Answer:
183.09
Explanation:
128/0.6991=183.09
$183.09 is the amount in U.S. dollars should you receive if the exchange rate is $1 USD = €EUR 0.6991. Hence, option B is correct.
What is exchange rate?The rate at which one currency can be exchanged for another is known as the exchange rate between two currencies. In other words, the exchange rate is the cost of one currency relative to another.
You may find out the worth of your currency in another currency using an exchange rate. Consider it to be the cost associated with buying that currency. For instance, in June 2022, the exchange rate between the two currencies was 1.05 for the euro and 0.95 for the dollar.
The price of one country's currency in terms of another country's currency is what is known as the exchange rate. Therefore, £1 will buy you $1.35 if the exchange rate between UK pounds and US dollars is 1.35.
Thus, option B is correct.
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Why is self-representation important in the corporate world?
a. It determines the kind of interaction you have with your coworkers.
b. It determines the percentage of salary increases during appraisals.
c. It shows that you are an honest person with strong work ethics.
d. It shows your self-management abilities.
e. It helps you avoid conflicts
The correct answer is A. It determines the kind of interaction you have with your coworkers.
Explanation:
The term "self-representation" refers to ideas, beliefs, and conceptions people have about themselves, and the way these shape the image they show to others. Besides this, self-representation shapes attitudes, behaviors and interactions with others, for example, if you consider yourself as superior to others, it is likely you are arrogant, and as a result of this, you will have a negative interaction with other people. This is especially relevant in the corporate world as this can affects professional relationships. According to this, self-representation is important because "It determines the kind of interaction you have with your coworkers".
Answer:
A. It determines the kind of interaction you have with your coworkers.
Explanation:
For all Plato users
How can entrepreneurs avoid getting caught up in the hype surrounding their product or service?
Carlos is looking to open an account at a bank, but wants to avoid as many fees as possible. Which would NOT help minimize fees paid to a bank?
Checking with the bank to know what fees it has so he can avoid them.
Only using his bank's ATMs to avoid ATM fees.
Avoiding the use of a check register.
Comparing various banks' fees and services.
Answer: c for plato
Explanation:
which is an example of an economic factor that affects the business environment ?
Good weather is an example of a natural condition that can affect the supply of agricultural goods by improving crop yields, which in turn impacts the business environment.
Explanation:An example of an economic factor that affects the business environment is changes in weather or climate conditions. These changes can significantly influence the cost of production, particularly for agricultural products. For instance, good weather can improve crop yields, thus increasing the supply of agricultural goods in the market. Conversely, poor weather, such as droughts or floods, can decrease supply, leading to higher market prices. Businesses need to consider these fluctuations when planning their production cycles and pricing strategies.
Other factors that also affect supply include changes in the prices of inputs, advancements in production technology, and certain government policies that can either facilitate or hinder production processes, thus impacting the business environment.
What happens in one sector of the economy often affects other sectors of the economy.
A. True
B. False
The answer to your question is true
What portion of discretionary spending is typically spent on defense?
about half
about two thirds
about one fourth
about one third
Answer:
about half
Explanation:
in 2015, military spending accounted for 54 percent of all federal discretionary spending