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1 year ago

do you think bitcoin or another cyber currency will replace existing traditional currency? why or why not?

1 answer:

8 0

Cryptocurrencies have rapidly increased in value, utility, and appeal since they were made widely available in 2009. Investors are interested in some of them since many retailers and business owners see them as viable options for generating returns and increasing store value. Governments are attempting to determine how to impose taxes and control them.

At the start of the cryptocurrency boom, Bitcoin appeared to be without a rival. Market capitalization for the sector was dominated by Bitcoin until, in a matter of weeks, Ethereum, Ripple, and other currencies sprinted to overtake it.

Although Bitcoin remains the market leader, some analysts are questioning whether cryptocurrencies are actually currencies in light of the industry's rapid growth. Some believe that even more significant changes may be on the horizon. the hypothesis that cryptocurrencies might eventually completely replace the money.

With its programmability and adaptability, Ethereum, a component of the blockchain ecosystem, offered not just a cryptocurrency but a wide range of use cases. Companies and entrepreneurs are leveraging it to develop new goods, technologies, and services.

The Ethereum blockchain and ecosystem provide the foundation for the decentralization of money as well as the developing "metaverse," which has the potential to unite our digital and physical selves.

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Insurance policies often contain a covenant of good faith and fair dealing. Even if the clause is not in the policy, often court

Oxana [17]

Answer:

The covenant of good faith and fair dealing simply requires all the parties to a contract to deal in an even-handed manner such that one party's action does not frustrate the other or prevent the other from getting the benefits of that contract.

In insurance, this covenant is sometimes captured under the heading Uberrima fides. This is a Latin phrase meaning "Utmost Good Faith".

In insurance, this covenant is legally binding on all parties to ensure they each reveal every information that is material to the acceptance or rejection of the risk (on the part of the Insurer) whilst on the part of the Insured the insurer is required to be explicit regarding the terms of the policy as well as the calculations by which the premium is arrived at.

For example, if an Insurance company is looking at covering someone under it's Life Insurance Policy, the person taking out the contract must disclose whether or not the Insured has any latent health issues which might shorten their lifespan. If there is such a condition, the Insurance company may still take on the risk albeit at a relatively higher rate than a client without such medical conditions.

An Insurance Company may breach this covenant if they delay or refuse to reasonable settle claims due to the Insured. It may also arise if the Insurance company by some technical manipulation intentionally under settles an Insurance claim.

If for instance, a Comprehensive Insurance Policy files a valid claim, the Insurer may be liable for negligence and or intentional wrongdoing.

Cheers!

6 0

3 years ago

Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transaction

Elza [17]

Answer:

See explaination and attachment

Explanation:

Stockholders' equity is the amount of assets remaining in a business after all liabilities have been settled. It is calculated as the capital given to a business by its shareholders, plus donated capital and earnings generated by the operation of the business, less any dividends issued.

Balance Sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

See attachment for the step by step solution of the given problem.

8 0

3 years ago

If a company’s employees are found guilty of unethical behavior, the U.S. Sentencing Commission can impose a base fine and multi

Dafna1 [17]

Answer:

Yes

Explanation:

The first step is to compute the base fine by determining what level of offense has occurred. After a base fine, the judge computes a culpability score, which is a way of assigning blame to the company. (This is important because the total fine is computed by multiplying the base fine by the culpability score).

The essence of the guidelines is not just to punish companies after their employees break the law, but rather to encourage companies to take proactive measures that will prevent white-collar crime before it happens.

8 0

3 years ago

GNP measures:Select one:a. the same things as GDP, but also includes financial assets.b. production by U.S. citizens wherever th

SCORPION-xisa [38]

Answer:

The correct answer is letter "B": production by U.S. citizens wherever they work in the world.

Explanation:

Gross National Product or GNP is one of a range of indicators economists use to calculate the economic output of a country. GNP is the market value of all goods and services produced by a country's citizens for one year, whether those goods were manufactured inside the country or produced elsewhere.

8 0

3 years ago

Top Flight Stock currently sells for $53. A one-year call option with strike price of $58 sells for $10, and the risk-free inter

musickatia [10]

Answer:

$11.97

Explanation:

Calculation for the price of a one-year put

Using this formula

Price=Call option-Stock+Strike price(1+Risk-free interest rate)

Let plug in the formula

Price = $10 - $53 + $58/(1+.055)

Price = $10 - $53 + $58/(1.055)

Price= $11.97

Therefore the price of a one-year put with strike price of $58 will be $11.97

7 0

3 years ago