All categories

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.

To know more about visit:

brainly.com/question/28197645?

#SPJ4

You might be interested in

Doodle inc., a renowned interior design services company, tries to increase its customer base through web presence. it regularly

aleksley [76]

The answer to this question is that Doodle uses social media as an earned media. An earned media also known as free media which means an online word of mouth. In an Earned media it also shows that a business or product is being talked about in social media either by being viral or through the most number of shares in the internet. In earned media it somehow became a digital marketing because people shares, reviews, and comments about the product or service.

6 0

3 years ago

A car rental agency rents 220 cars per day at a rate of 28 dollars per day. For each 1 dollar increase in the daily rate, 6 fewe

9966 [12]

The cars should be rented at $34 per day for a maximum income of $6268 per day.

If the daily rental is increased by $x

Rental: R(x)=(28+x)dollars per car-day

Number of cars rented:

N(x) = (220−6x) and Income: I(x) = (28+x) (220−6x) = 6,610 + 52x−5 $x^{2}$ dollars/day.

The maximum will be achieved when the derivative of I (x) is zero.

$\frac{dI(x)}{dx}$ = 52−10x = 0

⇒ x = 5.2

For an even dollar rental amount, and increase of $5/day or $6/day will generate the same income.

$28+$5 = $33/day

$28+$6 = $34/day

would both be valid answers.

However, $34/day involves renting fewer cars and thus reduced expenses.

Using basic substitution and arithmetic

I(4) = $6,268

<h3>What is Maximum revenue ?</h3>

Maximum revenue is defined as the total maximum amount of revenue of product or service can yield at maximum demand and price.

To calculate maximum revenue, determine the revenue function and then find its maximum value. Write a formula where p equals price and q equals demand, in the number of units.

Learn more about Maximum revenue on:

brainly.com/question/13780508

#SPJ4

3 0

2 years ago

Elliott Credit Corp. wants to earn an effective annual return (EAR or EAIR) on its consumer loans of 17.1 percent per year. The

Yuri [45]

15.79 % is the rate that bank is requred to give to potential borrowers

<u>Explanation:</u>

$\mathrm{EAR}=(1+\mathrm{APR} / \mathrm{m})^{\mathrm{m}}-1$

$A P R=m\left[(1+E A R)^{1 / m}-1\right]$

$\mathrm{APR}=365\left[(1+.171)^{1 / 365}-1\right]$

$A P R=365\left[(1.171)^{0.00273972602}-1\right]$

$\mathrm{APR}=365 *[1.00043258-1]$

$A P R=365 * 0.00043258$ , APR = 0.1578917

Or 15.79% (it is rounded off )

<u>Where: </u>

EAR = effective annual rate

APR = Annual percentage rate

M = number of compounding

Therefore, the interest of rate that the bank is required by law in order to report to all the potential borrowers is 15.97%

4 0

3 years ago

g The lower risk nature of longminusterm debt in a firm's capital structure is due to the fact that ________. A. the debt hold

IRINA_888 [86]

Answer:

The correct option is C states that creditors have a higher position in the priority of claims.

8 0

3 years ago

a sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?

Elza [17]

Complete Question:

A sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?

a. depreciation

b. mortgage interest

c. rent

d. Utilities

Answer:

b. mortgage interest

Explanation:

The sole proprietor with a tentative loss may deduct expenses for mortgage interest, mortgage insurance premiums, and real estate taxes under the normal rules. The sole proprietor is not allowed to deduct other expenses that are normally tax-exempt expenses, including depreciation, rent, and utilities. The amount to be deducted for mortgage interest should not exceed the percentage for business use.

3 0

3 years ago