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Sati [7]
3 years ago
9

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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How long will it take for the dollar's purchasing power to be 3/4ths of what it is now, if the general inflation rate is expecte
vaieri [72.5K]

Answer:

5.61 years

Explanation:

Let the Present value be 'x'

Data provided in the question:

Future value = \frac{3}{4}x

Inflation rate, i = 5% = 0.05

Now,

Using the compounding

let number of years be n

thus,

Future value = Present value × [ 1 - inflation rate ]ⁿ

\frac{3}{4}x = x × (1  - 0.05)ⁿ

or

0.75 = 0.95ⁿ

on taking log on both the sides , we get

or

log(0.75) = n × log(0.95)

or

-0.125 = n × (-0.0223)

or

n = 5.61 years

or, n = 11.89 years

8 0
2 years ago
If you ignore a margin call, your broker:
MArishka [77]

Answer:

The correct answer is letter "D": may sell some of your securities to repay the margin loan.

Explanation:

A Margin Call is issued when the equity in a margin account falls below a certain level. In the U.S. this level is set by the Federal Reserve (Fed) Board "Regulation T". Many brokers have their margin requirements known as "house requirements" usually with maintenance levels of 30 to 40%.

When a margin account falls below the margin limit and the trader ignores this, the broker can sell some of the securities of the trader to cover the margin losses.

6 0
3 years ago
A consumer contest is an example of Group of answer choices sales promotion. public relations. personal selling. indirect sellin
kirill [66]

In marketing, an example of a Sales promotion is a consumer context.

<h3>What is a Sales promotion?</h3>

This refers to strategy employed by a firm who uses a campaign or offer to increase the consumer;s interest or demand in its product

Because the consumer context involves making relevant offers when the customer is poised to make a purchase, this is an example of Sales promotion.

Therefore, the Option A is correct.

Read more about Sales promotion

<em>brainly.com/question/14772910</em>

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4 0
1 year ago
Read 2 more answers
The most difficult aspect of coordinating a complex project is: a. determining appropriate costs and budget allocations for grou
Margarita [4]

Answer:

The correct answer is the option C: political disputes between managers involved in the project.

Explanation:

In the situation where a person must coordinate a complex project might struggle with the fact that sometimes differences in political opinions and ideas may occur when more than one manager is in charge of the project. Moreover, in that situation, it is very difficult to agree with the other person and even more if that person has resources that must be used in the project and therefore that person has some power in its hands. In addition, the other factors, such as coordinating the elements or determining the budgets and the needed skill sets of project workers will not have a great impact in the complexity of the project if there are not political differences because in that case all the managers will agree in a way of doing things and they will encourage every employee to do it at once.

6 0
3 years ago
The Basel Accord
Anton [14]

Answer: forces banks with greater risk to maintain more capital.

Explanation:

The Basel Accord are a set of regulations in the banking industry that enables the proper functioning of banks, if these regulations for banks are strictly adhered to, banks would rarely have problems of total failure which leads to the bank closing up.

The Basel Accord is named after the city of Basel in Switzerland where the meetings took place, the Accord majored on the minimum financial requirements of banks.

7 0
2 years ago
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