I believe paul is correct
Answer:
The correct answer would be option D, A medium of exchange.
Explanation:
Bart is able to buy 50 balloons with the 5 dollar bill he received for his allowance. This is an example of a medium of exchange.
Medium of exchange is the intermediary instrument, which must have some recognized value. This intermediary instrument is used to make purchases, sales, or trades of goods or services between two parties.
In our world, we usually use currency as a medium of exchange to make sales, purchases or any type of trades of goods or services.
So when Bart purchases 50 balloons, and gave 5 dollar bill, he is actually using this 5 dollar bill as a medium of exchange to make a purchase.
In many of the oil-rich Arab nations, the immense wealth generated by oil has affected the citizens in the sense they they do not have to seek traditional forms of employment. Many of the wealth is concentrated in the elite circles of society, meaning that many people don't have to work at all. Although this seems like a good thing at first, it is ultimately detrimental to these countries in the long-run, because oil will of course eventually run out.
Answer:
interest rate = 10%
Explanation:
given data
total interest payment = $6,600
borrowed = $66,000
to find out
interest rate
solution
we get here interest rate that is express as
interest rate = ...........1
put here value we get
interest rate =
interest rate = 0.10
interest rate = 10%