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3 years ago

Which type of money is based only on faith?

Business

2 answers:

V125BC [204]3 years ago

7 0

Answer: Fiat money

Explanation:

<em>Fiat money</em> refers to money that the government has ordered to accept as a means of payment for any kind of exchanges in the economy. This money has value only because the government has ordered so. If people have no faith in the government then they will have no value for fiat money.

While, commodity money refers to money whose value comes from the commodity with which it is made. They have their own intrinsic value.

Representative money is money that has no intrinsic value but represent something of value such as silver or gold certificates.

Foreign money is also foreign currency which is used to exchange. This is just fiat money of another country.

Gelneren [198K]3 years ago

6 0

I believe fiat money is the correct answer here.

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On September 1, Home Store sells a mower (that costs $240) for $540 cash with a one-year warranty that covers parts. Warranty ex

Fudgin [204]

Answer:

Cash $540 (debit)

Cost of Goods Sold $240 (debit)

Sales Revenue $540 (debit)

Inventory $240 (credit)

Warranty Provision $38 (debit)

Direct Materials $38 (credit)

Explanation:

September 1 entries to record the cost and sale of the mower are :

Cash $540 (debit)

Cost of Goods Sold $240 (debit)

Sales Revenue $540 (debit)

Inventory $240 (credit)

The Warranty Expenses is recorded as :

Warranty Expense $32.40 (debit)

Warranty Provision $32.40 (credit)

Warranty = $540 × 6% = $32.40

When the mower is brought i for repairs, the amount of Provision is used as follows :

Warranty Provision $38 (debit)

Direct Materials $38 (credit)

3 0

3 years ago

melanie is currently enrolled in an hmo mapd, and she is talking to sales agent brenda about enrolling in a medicare supplement

lorasvet [3.4K]

If melanie is currently enrolled in an hmo mapd, and she is talking to sales agent brenda about enrolling in a medicare supplement insurance plan. what brenda should tell melanie is: The advantage or benefit that medicare supplement insurance plan has.

<h3>What is medicare plan?</h3>

Medicare plan can be a health insurance coverage that help to cover medical health expenses of those under the plan.

Hence, If melanie is enrolled in an hmo mapd which full meaning is Medicare Advantage Prescription Drug , and she is talking to sales agent brenda about enrolling in a medicare supplement insurance plan. what brenda should tell melanie is the advantage or benefit that Medicare supplement insurance plan offers.

Learn more about Medicare plan here:brainly.com/question/1960701

#SPJ1

5 0

2 years ago

In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.

dezoksy [38]

Answer:

b. higher; lower

Explanation:

Yield on securities is decided on the basis of risk level and the period to maturity. High risk high return concept is applicable here with an investment for long time. Liquidity is defined as the conversion of investment into cash. So, it you invest in short term security you will have higher liquidity because you can convert your investment in cash in short time and vice versa.

7 0

3 years ago

Consider the economies of Hermes and Gobbledigook, both of which produce gobs of goo using only tools and workers. Suppose that,

enyata [817]

Answer:

Hermes

Productivity (Gobs per worker)

2016 100

2036 120

Gobbledigook

Productivity

(Gobs per worker)

2016 80

2036 120

Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2016 to 2036, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a SMALLER amount than productivity in Gobbledigook. This illustrates the effect OF CATCH UP which makes it POSSIBLE for countries with low output to catch up to those with higher output.

Explanation:

Hermes

Year Physical Capital Labor Force Output Productivity

(Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)

2016 11 30 3,000 3,000/30=100

2036 15 30 3,600 3,600/30=120

Gobbledigook

Year Physical Capital Labor Force Output Productivity

(Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)

2016 8 30 2,400 2,400/30=80

2036 12 30 3,600 3,600/30=120

Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2016 to 2036, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a SMALLER amount than productivity in Gobbledigook. This illustrates the effect of CATCH UP which makes it POSSIBLE for countries with low output to catch up to those with higher output.

4 0

3 years ago

The demand curve faced by a nondiscriminating pure monopoly is _____.

seraphim [82]

Answer: The same as the industry's demand curve

Explanation:

The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.

7 0

3 years ago