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
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.

You might be interested in
Which of the following is a function of the Federal Reserve System Board of Governors?
vfiekz [6]

Answer:

The answer is below

Explanation:

The Federal Reserve System Board of Governors is one of the five branches of the Federal Reserve System. Their roles involve carrying out the analysis of economic data, executing supervision of Reserve Banks, establishing and overseeing financial regulations.

The board comprises seven members with 14-year terms. They also partake in the Federal Open Market Committee and as well liaising with leaders in other parts of the government.

4 0
3 years ago
_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f
zysi [14]

Consumer Surplus

This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.

5 0
3 years ago
Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (
nadya68 [22]

Answer:

A. $7,350

Explanation:

The computation of the vested benefit is shown below:

= Average salary × given percentage × five years × vesting percentage

= $70,000 × 3.5% × 5 years × 60%

= $7,350

Hence, the correct option is A.

8 0
3 years ago
A government is torn between selling annual pollution allowances and setting an annual pollution tax. Unlike in the messy real w
elena-14-01-66 [18.8K]

Answer: Both will raise the same amount

Explanation:

The government here is certain that it can achieve the same quantity and price regardless of if it uses a pollution tax or pollution allowance. This means that it would be charging the companies the same regardless of the method used.

Both methods would therefore yield the same amount if the government uses either of them.

3 0
3 years ago
How can you get your money back if you send a p2p payment to the wrong person?.
gladu [14]

When a payment is sent to the wrong person using p2p, the money cannot be gotten back since it is equivalent to giving money to a wrong account. However, the person can lay a complaint to the customer service to take action.

<h3>What is P2P Payment?</h3>

P2P payment is a system of payment where money is sent to another member of the crypto community in exchange for a coin to be sent to the individual's wallet. It is equivalent to giving someone cash.

When a user mistakenly sends money to the wrong person, the money cannot be gotten back. But if the sender has the details of the wrong receiver, an appeal can be made for the money to be reversed. However, if this is not the case, then the money would have to be forfeited.  

Learn more about P2P Payment here:

brainly.com/question/25107350

7 0
2 years ago
Other questions:
  • Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. If the expected inflation rate falls from 20
    12·1 answer
  • ___ requires creditors to provide borrowers with a complete written account of credit terms and costs.
    7·1 answer
  • Who determines the salary and benefits government officials receive each year
    12·1 answer
  • "Which challenges has China faced in its efforts to become a major player in the global market for consumer electronics and othe
    10·1 answer
  • Kristen and Harrison are equal partners in the KH Partnership. The partners formed the partnership five years ago by contributin
    15·1 answer
  • When politicians argue that the outsourcing or offshoring of techincal support to India by the Dell Computer Corporation is harm
    5·1 answer
  • $17,200 is invested, part at 6% and the rest at 2%. If the interest earned from the amount invested at 6% exceeds the interest e
    13·1 answer
  • People are willing to pay a higher price if they believe that supplies are ______.
    8·2 answers
  • Compare the types of team with the characteristics of successful team and affective team
    11·1 answer
  • Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 130 shares of its common st
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!