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2 years ago

Currently in the united states, money is backed by:____.

Business

1 answer:

Svetradugi [14.3K]2 years ago

5 0

The correct answer is (B) Federal reserve notes in banks

What is Federal reserve notes in banks?

A Federal Reserve note may be a term to portray the paper request liabilities of the Government Save, commonly referred to as "dollar bills," which circulate within the U.S. as legitimate delicate.
For viable purposes, the Government Save note is the financial unit of the U.S. economy. The term Government Save note is regularly befuddled with the U.S. dollar, the official unit of account of the U.S.
Federal Reserve notes were to begin with issued after the creation of the Government Save Framework (FRS) in 1913. Some time recently 1971, each Government Save note issued was sponsored by a legitimately indicated sum of gold held by the U.S.
Treasury, be that as it may, private citizens were not permitted to recover notes for gold dollars.
Since these notes held legitimate delicate status and spoken to genuine dollars, they were commonly alluded to as "dollar bills" as they circulated through the economy.

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Answer:

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3 years ago

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3 years ago

Discounting cash flows involves

Triss [41]

Answer:

The correct answer is letter "D": discounting all expected future cash flows to reflect the time value of money.

Explanation:

Discounting cash flows takes place at any moment given when money is paid at one date but is received at a different point. Discounted cash flows are useful to measure the difference between the present value of money and the receivables that are expected to come at a later stage.

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3 years ago

Vino Winery is considering the purchase of a state-of-the-art bottling machine. The new machine will cost $20,790 and will have

jolli1 [7]

Answer:

the internal rate of return is 6%

Explanation:

The computation of the internal rate of return is shown below;

Given that

Years Cash flows

0 -$20,790

1 $6,000

2 $6,000

3 $6,000

4 $6,000

Now apply the following formula i.e..

= IRR()

After applying the above formula, the internal rate of return is 6%

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3 years ago

For an activity base to be useful in cost behavior analysis: a) there should be a correlation between changes in the level of ac

lubasha [3.4K]

Answer:

Option A is the correct one

Explanation:

Among the various options given in question statement, option A is correct

Cost behavior analysis is done make management comprehend the impact of various costs change versus changes in activities in various levels of the company. This may involve direct materials, direct labor, and overhead costs. Hence if there is no correlation between changes in the level of activity and changes in costs, then such analysis wont be an effective cost behavioral analysis

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3 years ago

Read 2 more answers