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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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During July at Pool Company, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw mat

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Answer:

$4,000

Explanation:

Preparation of the journal entry.

Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.

(To record requisition)

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3 years ago

Jenny likes chocolates. One day, a friend offers her a chocolate bar and she is extremely happy on receiving it. As the day pr

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Answer: Law of diminishing marginal utility

Explanation: In simple words, law of diminishing marginal utility states that as a consumer consume more of a good or service then the marginal benefit he or she receives from the additional consumption keeps on decreasing.

In the given case, Jenny's excitement keeps on decreasing with every chocolate she receives after a certain point of time.

Hence we can conclude that the given case illustrates law of diminishing marginal utility.

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3 years ago

Sharon is unhappy with her job as a salesperson at a retail store for many reasons. Yesterday a customer asked her where the sha

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Answer:

<u>Customer satisfaction.</u>

Explanation:

Customer satisfaction is an extremely relevant factor for a company as it can directly influence the success or failure of a business.

The whole experience that the customer will have with your company will influence their perception and decision to re-establish relationships with the organization. The company should pay attention to the set of determinants responsible for customer satisfaction, the product must meet their needs, service and service should be cordial and optimized to clarify doubts and assist in the process of purchase and customer loyalty.

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3 years ago

In Chile, one worker can harvest 4 pounds of peppers or 4 pounds of coffee beans. In Argentina, one worker can harvest 2 pounds

Monica [59]

Chile- 4 pounds of coffee beans, Argentina - 16 pounds of coffee beans, is the correct solution of the question.

<h3>Explanation of the question?</h3>

It loses 4 pounds of coffee beans if one worker produces 4 pounds of peppers. As a result, if the worker produces 4 pounds extra peppers, 4 pounds of coffee beans will be lost. As a result, the opportunity cost of generating an additional 4 pounds of peppers for Chile is equal to 4 pounds of coffee beans.

Argentina's case:

It loses 8 pounds of coffee beans if one worker produces 2 pounds of peppers.

As a result, if the worker produces 1 pound of pepper, it loses = 8/2 = 4 pounds of coffee beans.

The worker will lose = 4 * 4 = 16 pounds of coffee beans if he produces 4 pounds of peppers.

As a result, the potential cost of producing an additional 4 pounds of peppers for Argentina is 16 pounds of coffee beans.

Thus, it is 4 pounds of coffee beans, Argentina - 16 pounds of coffee beans.

For more details about about the question, click here:

brainly.com/question/15304707

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1 year ago

Mary invested cash in her new business. which effect will this have?

Licemer1 [7]

Either A or C would be right, because it couldn't be a decrease of the equity.

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3 years ago

Read 2 more answers