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Paraphin [41]
3 years ago
8

The economic definition of money​ is__________.A. A good that has intrinsic value.B. Anything authorized by the government to be

used in an exchange.C. Anything of value owned by a person or a firm.D. Any asset that people are generally willing to accept in exchange for goods and services.
Business
1 answer:
Citrus2011 [14]3 years ago
4 0

Answer:

The correct answer is option D.

Explanation:

Money can be defined as any asset that is generally accepted by people in exchange for goods and services. The basic function of money is to act as a medium of exchange.  

It reduces the transaction cost in exchange for goods and services by eliminating the double coincidence of wants.  

Money can be of different types such as commodity money, fiat money, etc.  

Other functions of money are to act as a store of value and unit of account.

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Natalie makes $2000 per month she spends 100 on credit card payments what is her debt to income ratio
chubhunter [2.5K]
Monthly income = 2000 dollars
Debt to pay = 250 + 100 = 350 dollars
Let's find the ratio of debt to income.
=> 350 / 2000 = 0.175
=> 0.175 * 100 = 17.5 percent.
Thus 17.5% of his salary goes to his debts for credit card and auto loan.
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3 years ago
Once auctioned on Monday or Tuesday, Treasury Bills are issued to the winning bidders and must be paid for immediately following
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Answer:

C. Thursday

Explanation:

Once auctioned on Monday or Tuesday, Treasury Bills are issued to the winning bidders and must be paid on Thrusday immediately following the auction date.

Federal reserves conduct treasury bill auction on Monday or Tuesday. Treasury bills are auctioned weekly and one year Treasury bill are auctioned monthly. Amount of securities represented by non competitive bills are withheld from auction and are filled with average winning yield, these bids are taken priority.

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A check list should be based on past____?
Jet001 [13]
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3 years ago
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A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used
bagirrra123 [75]

Answer:  

<h2>$13,070 </h2>

Explanation:  

The Cost of inventory = all cost of purchase; including costs of conversion and transfer.

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Car import duties      $800

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