1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
3 years ago
7

Which function(s) of money informs the consumer what currency to use to obtain a good or service?

Business
2 answers:
insens350 [35]3 years ago
5 0

Answer:

Unit of Account

Explanation:

B

inna [77]3 years ago
4 0
The third function explains that money is a medium of exchange. It means that it is better to use the money used in the country itself to gain better service because it would provide better protection. Costumers would be more satisfied if the business would accept the money they have and it would be safer and mutually good for both if the customer would transact using the currency country's currency.


Source: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money
You might be interested in
As the financial consultant to a classic auto dealership, you estimate that the total value (in dollars) of its collection of 19
Sophie [7]

Answer:

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

Explanation:

the price formula for the future years is:

v = 301000 + 960 t^{2}

while it is adjusted for inflation at:

v \times e^{-0.05t}

so the complete formula for value is:

\frac{301000 + 960 t^{2}}{e^{0.05t}}

Now, we can derivate and obtain the roots

Getting at a root exist at the 29th year.

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

8 0
3 years ago
Frank Furter is driving his new Ford down Harbor Boulevard, when he breaks his tooth on a foreign object in a hotdog he is eatin
gulaghasi [49]

Answer:

Frank Furter can sue hot dog stand and tire manufacturer for breaking of his tooth.

Explanation:

Frank furter can sue the hot dog stand as it was the main cause of his accident. The car is designed for having a luxury driving experience but the accidents may happen any time and there should be suitable brake system which can stop the car immediately or in few seconds. The tire should not burst as this will enhance the damage in the accident.

4 0
3 years ago
you texpect to receive a payout from a trust fund in 3 years. The payout will be for $11000. You plan to invest the money at an
MrMuchimi

Answer:

11.68 years

Explanation:

For computing the number of years first we have to applied the NPER formula i.e to be shown in the attachment below:

Given that,  

Present value = $11,000

Future value = $19,000

Rate of interest = 6.5%

PMT = $0

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years is 8.68

Now after 3 years, it would be

= 8.68 + 3

= 11.68 years

3 0
3 years ago
Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open u
aliya0001 [1]

Answer:

No.

You cannot open up and put money into a Roth IRA in your child's name.

Explanation:

The IRS allows that any child, regardless of age, can contribute to an IRA if they have earned income.  This means that only a child that has earned income can have an IRA opened for him or her.  As the child is still underage, the IRA must be set up as a custodial account by the parent or another adult. This implies that the child cannot operate the account during the period she is underage but can have money saved in the account from her earned income.

4 0
2 years ago
Which of these can be listed as benefits of filing your tax return online? I. Allows you to claim a larger number of deductions
telo118 [61]

Answer:

The answer is: C) II and III

Explanation:

The benefits for filing your tax return online are:

  • You can save money since you don't have to hire an accountant or other professional to file your taxes
  • It is very simple and easy, since the tax software is very user friendly and intuitive.
  • You can file your taxes from anywhere as long as you internet connection. This can save a lot of time and money, instead of having to physically go to an IRS office.
  • Tax software helps you gain financial knowledge and that is always useful.
  • It ensures accuracy since tax program can do accurate calculations on your behalf.
  • You can receive your tax refund faster if you file your taxes online. Usually within 21 days the IRS is sending out refunds based on taxes filed only.
3 0
3 years ago
Read 2 more answers
Other questions:
  • Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou
    13·1 answer
  • Twilight Co. started operations in 2017 and has the following information at the end of June, 2021: $420,000 in its Accounts Rec
    14·1 answer
  • "______ accounting uses adjusting entries to reflect economic reality even when there is _______ involved in the transaction. Th
    8·1 answer
  • Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing tov pay full retail prices on shoes. What actions
    12·1 answer
  • Security frameworks establish behavior expectations and define policy. Policies cannot address every scenario employees will fac
    14·1 answer
  • You want to save at least $10,000 for a down payment on a new car. In cell B6, enter a formula to calculate how much you will ha
    10·1 answer
  • Suppose you purchase a $1,000 TIPS on January 1, 2021. The bond carries a fixed coupon of 1 percent. Over the first two years, s
    5·1 answer
  • 'Structural unemployment arises from longer term changes in
    9·1 answer
  • Is every leader a manager? Is every manager a leader? What skills do managers and leaders share? What skills make them different
    11·1 answer
  • Which type of technology is best for laying out financial projections?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!