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3 years ago

Describe two disadvantages of early forms of money, and explain how they could have been fixed.

Business

1 answer:

Katen [24]3 years ago

8 0

Answer:

The early system of money was the barter exchange system where the commodities were exchanged for other's commodities. The major disadvantages were:

Lack of Double Coincidence of Wants:

It is fundamental for an individual who wishes to exchange his good/service to locate some other individual who isn't just eager to purchase his good/service, yet in addition has that good which the former needs. This could be fixed if seller finds a buyer who has the same good that is needed so both exchange goods that the other needs.

2. Lack of a Common Measure of Value:

Regardless of whether the two people who need each other's merchandise meet unintentionally, the issue emerges with regards to the extent in which the two products ought to be traded. There being no basic proportion of significant worth, the rate of trade will be discretionary fixed by the power of interest for one another's merchandise. This could be fixed if both parties decide the goods they wish to trade.

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Over the last two decades the reduced importance of certain institutions in the primary mortgage market has been largely offset

Alinara [238K]

Answer:

Thrifts role have decreased whereas, mortgage and commercial banks roles have increased.

Explanation:

In simple words, Credit unions and cooperative savings banks are examples of thrifts that offer a multitude of deposits and lending services. Thrifts are different from conventional institutions in that organizations may draw money through the Federal Home Loan Bank Network, allowing them to charge greater interest to its members.

The ease of doing business and less documentation with commercial banks promoted their growth.

8 0

3 years ago

Buying computers refers to _____.

lianna [129]

<h2>Buying computers refers to "listing what will be spent on items needed to start the business".</h2>

Explanation:

The given definition or terms are associated with the concept of "start up cost".

Listing what will be spent on item needed to start the business: This option also refers to a term called "asset". So buying computers is an asset to the business. No business runs without a computer and it is one of the source that brings business, make business popular, etc.

listing what will be spent on expense to start the business: This statement refers to the term called "cost"

7 0

3 years ago

Employers are least likely to help pay for at least a portion of which of the following employment benefits?

Liono4ka [1.6K]

Where are the following benefits?

6 0

3 years ago

Sandhill Co. sells office equipment on July 31, 2022, for $22,430 cash. The office equipment originally cost $77,870 and as of J

ioda

Answer:

(a)

July 31, 2022

Dr. Depreciation Expense $4,580

Cr. Accumulated Depreciation $4,580

(b)

Dr. Cash $22,430

Dr. Accumulated Depreciation $41,410

Dr. Loss on Sale of asset $14,030

Cr. Cost $77,870

Explanation:

Before sale of the asset, depreciation for the year should be recorded. To incorporate its effect on the sale.The depreciation for the 7 months of 2022 will be added to the accumulated depreciation account.

July 31, 2022

Accumulated Depreciation = $36,830 + $4,580 = $41,410

Net Loss is calculated by deducting the accumulated depreciation and cash received on the sale from the original cost of the asset.

5 0

4 years ago

Costco believes that most of its sales are to small businesses rather than consumers -- and that women are more likely to be mak

Kisachek [45]

Answer:

<em>Hypothesis</em>

Explanation:

The scenario which is given, is an example of <em>hypothesis.</em>

Basically, hypothesis is something in which a person or an individual makes a believe or have a taught by observing or having an illustration.

Now as we can say, that Costco has a believe that is an example of hypothesis, that Costco can examine through the marketing research as well.

4 0

3 years ago