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yarga [219]
3 years ago
7

Which of the following situations represents commodity-backed money? Choose one:

Business
1 answer:
Marta_Voda [28]3 years ago
3 0

Answer: A. Dollars are printed on paper and have value because the government says they have value.

Explanation: Commodity backed money is a situation where by the value of money is backed up by its purchasing power with which it can be traded with at request. The supply of many can not be more than the purchasing power the country holds.

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a procyclical fiscal policy, like those of many state and local governments in the united states, tends to worsen recessions or
natima [27]

Procyclical fiscal policies, like those of many US state and local governments, have the tendency to make recessions or inflation worse.

In order to affect economic conditions, particularly macroeconomic recessions conditions, fiscal policy refers to the use of government spending and fiscal policies tax policies. These include employment, the total demand for goods and services, inflation, and economic expansion.

In order to boost demand and stimulate the economy during a recession, the government may reduce tax rates or increase spending. As an fiscal policies alternative, it might increase rates or reduce spending to slow down the economy and fight inflation.

Comparing fiscal policy to monetary policy, which is implemented by recessions central bankers rather than elected government officials, is common practice.

Learn more about fiscal policies here

brainly.com/question/27250647

#SPJ4

4 0
1 year ago
Suppose you deposit ​$2 comma 5002,500 cash into your checking account. By how much will checking deposits in the banking system
algol13

Answer:

The change in checking deposit is equal to $22,727.27.

Explanation:

An amount of $2,500 is deposited in a checking account.

The required reserve ratio is 0.11 or 11%.

A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.

The change in the checking deposits will be

= \frac{1}{RR} \times amount deposited

= \frac{1}{0.11}\times \$ 2,500

= $22,727.27

3 0
3 years ago
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
SCORPION-xisa [38]

Answer:

c. Work in Process   (Debit)           23,000

                      Factory Overhead  (Credit)         23,000

Explanation:

This would be the journal entry to record the factory overhead applied to production.

7 0
3 years ago
Camille's Calendar Company, after learning that the main sellers of the company's calendar products were limited to small gift s
KIM [24]

Answer:

A. Planning

Explanation:

A marketing research has do with collection, analyzing  and implementation of data that are related to marketing conditions of the business.

The marketing research process includes

problem definition

defining research plans

collection of information

analyzing information

presenting findings and

making decisions.

The question "Are there promising new market for our product?"  asked by Camille's Calendar company is related to the planning stage because the planning stage involves gathering information that is related to the achievement of the marketing objectives. The questions asked at this level will help the company develop a plan that will help in solving the problem it is faced with which is the limited scope of market that it has.

The planning stage will help the company formulate strategies that will be helpful towards expanding the market for its product.  

4 0
4 years ago
This year Randy paid $29,050 of interest on his residence. (Randy borrowed $464,000 to buy his residence, and it is currently wo
Luden [163]

Answer:

the last part of the question is missing, so I looked for it:

a. Randy received $2,200 of interest this year and no other investment income or expenses. His AGI is $75,000.

b. Randy had no investment income this year, and his AGI is $75,000.

a) Randy can deduct $31,575:

  • the mortgage interest is deductible
  • the car loan interest is not deductible
  • he can deduct $4,725 - $2,200 = $2,525 as investment interest expense

b) Randy can deduct $29,050

  • the mortgage interest is deductible
  • the car loan interest is not deductible
  • since he had no investment revenue, he cannot deduct any investment interest expense

5 0
3 years ago
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