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2 years ago

the for a particular unit of money is established and accepted within an economic community at a specific time.

1 answer:

3 0

The standard of value for a particular unit of money is established and accepted within an economic community at a specific time. Thus, option B is the correct answer.

<h3>What is economic?</h3>

Economics can be defined as the part where the economy is there when the product is being brought and sold in the market.

The standard of value can be defined as the fact in which the country is having a rate of exchange and the price is thereupon predefined. These prices are fixed in the economy for a particular time period, in which transactions like imports and export happen in the market. Therefore, option B is the correct option.

Learn more about economics, here:

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The question is incomplete, the complete question is

The _______________ for a particular unit of money is established and accepted within an economic community at a specific time.

-Medium of exchange

-Standard of value

-Barter

-Store of value

Standard of value

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Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?

Makovka662 [10]

The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).

<h3>Simple Interest</h3>

Given Data

Principal = $4,500

Interest = 22%

Final Amount = $4,500*2 = $9,000

Equation:

t = (1/r)(A/P - 1)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 22%/100 = 0.22 per year,

then, solving our equation

t = (1/0.22)((9000/4500) - 1) = 4.55

t = 4.55 years

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2 years ago

Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law

irga5000 [103]

Answer:

So then as we can see if the demand is constant the first sold would be the correct answer for this case. Because assuming the demand constant and we have more than 1 supplier with the same price the first one would sold the good or service on this case the house.

Explanation:

The law of demand and supply "is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services".

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3 years ago

he 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and the 2018 balance sheet showed long

Cerrena [4.2K]

Answer:

The firm’s 2018 operating cash flow, or OCF is $1,470,000

Explanation:

For computing the operating cash flow, we have to use the formula of cash flow from assets which is shown below

= Operating cash flow - net capital spending - changes in working capital

where,

cash flow from assets = cash flow to creditors + cash flow to shareholders

= $5,000 + $60,000

= $65,000

And, the other item would remain same

Now put these values to the above formula

So, the value would equal to

$65,000 = Operating cash flow - $1,450,000 - (-$85,000)

$65,000 = Operating cash flow - $1,450,000 + $85,000

So, the operating cash flow = $1,470,000

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3 years ago

How does a history of colonization in sub-saharan africa influence sustainable economic development in the region today?.

nlexa [21]

Answer:

Economies based on the exploration of raw materials were established in Sub-Saharan Africa.

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2 years ago

The accounting cycle starts with a.closing out the periodic accounts. b.recording the transaction based on the information in a

saul85 [17]

Answer:

letter b, recording the transaction based on the information in a source document

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This step is followed by <em>Posting the Entries into the Ledger Accounts, Preparing the Unadjusted Trial Balance, Adjusting the Journal Entries, Preparing the Adjusted Trial Balance, Recording Reversing Entries, Preparing Post-Closing Trial Balance, Record Closing of Entries and Preparing Financial Statements.</em>

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