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baherus [9]
1 year ago
5

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

Business
1 answer:
Svetradugi [14.3K]1 year 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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James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four ti
Tanya [424]

Answer: Account A

Explanation:

Account A would be best for James as it provides the most value for the things he would like to do.

  • ATM charges are free with this account so he can use the ATM four times in the month at no charge
  • He would pay no monthly fees as he uses direct debit
  • He would pay an annual fee of $0
  • And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.

3 0
3 years ago
Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $2,600.00 and had
devlian [24]

Answer:

$387.40

Explanation:

FICA Taxes ($2,600 x 7.65%)                              $198.90

State Unemployment Taxes                                $162.50

Federal Unemployment Tax                                 $26.00

Employer's payroll tax expense for the week  $387.40

Social Security and Medicare are combined called as FICA taxes and employer made the same contribution as of employee.

State and Federal Unemployment Tax is solely for employer only.

The rest are employee related taxes.

7 0
3 years ago
What can Lena do to avoid the risk of having short supplies in times of need?
tino4ka555 [31]

Answer:

Backup

Explanation:

6 0
3 years ago
Read 2 more answers
In the year 2000, McDonald's was running a game called Monopoly. For every item you purchased at the restaurant, you earned a ti
mamaluj [8]

Option a - $ 1000000 in one instalment

Option b - $100000 to be paid annually during 15 years, starting with one instalment at the year 2000

Interest rate = 10%

Which option would a savvy financial investor prefer

PV of Option a = 1000000 * 1 = $ 1000000

PV of option b = 100000 * PVIFA(10%,15)

PV of option b = 100000 * 7.6060795 = $ 760608

The PV of option a is higher, hence prefer the option a

Learn more about financial investor here brainly.com/question/25572872

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5 0
2 years ago
tems is a​ start-up company that makes connectors for​ high-speed Internet connections. BotNet Systems has budgeted three hours
gtnhenbr [62]

Answer:

-$153.6 Unfavorable

Explanation:

As per the given question the solution of direct labor cost variance for​ August is provided below:-

Direct labor cost variance for​ August = (Standard rate - Actual rate) × Actual hour

= ($13 per hour - $13.80 per hour) × 192 hours

= -$0.8 × 192 hours

= -$153.6 Unfavorable

Here, the actual rate is higher than standard rate so the amount will come into unfavorable and to reach out the direct labor cost variance for august we put the value into formula.

5 0
3 years ago
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