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2 years ago

What does the Electronic Fund Transfer Act do?

2 answers:

7 0

<span>establishes the rights and liabilities of consumers as well as responsibilities of all contributors in electronic fund transfer activities

</span>

Vsevolod [243]2 years ago

3 0

Answer:

Electronic Funds Transfer refers to a service that was originally intended to enable a customer to make payments to a merchant through an authorizing institution by exchanging electronic messages using POS (Point of Sale) computers and magnetic cards

Explanation:

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Basically, nations trade: Question 10 options: in order to stockpile goods in case of national disaster or emergency. in order t

IgorLugansk [536]

Answer:

because no nation's economy can produce all of the goods and services that it needs.

Explanation:

In simple words, International trade refers to the exchange of goods and services that occurs between the nations around the world for over all welfare and development of world economy.One of the major reasons behind such exchange is the opportunity cost of producing the same good differs among nations significantly.

For instance, a product that belongs to the labor intensive industry could be produced in India easily while as technology intensive good is feasible in America.Also due to difference of availability in natural resources some economies might not be able to produce some goods altogether.

8 0

3 years ago

The quantity theory of money is a theory of how A) the money supply is determined. B) interest rates are determined. C) the nomi

meriva

Answer:

C) the nominal value of aggregate income is determined

Explanation:

The quantity theory of money states that nominal aggregate income is determined by money supply. It is assumed that money velocity is constant in the short run and so would not impact nominal aggregate income.

The quantity theory of money is obtained from the equation of exchange which is:

(Money supply × velocity ) = (price × agregrate output)

Dividing both sides by velocity gives,

Money supply = (1/velocity) × ( price × agregrate output)

It is assumed velocity is constant, therefore,

Money supply = k × (price × agregrate output)

I hope my answer helps.

All the best

5 0

3 years ago

On November 7, 2017, Mura Company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (Use

sergeinik [125]

Answer:

interst expense 1,920 debit

interest payable 1,920 credit

--to record year-end adjustment--

interest expense 1,280 debit

interest payable 1,920 debit

note payable 160,000 debit

cash 163,200 credit

--to record the honor of the note--

Explanation:

principal x rate x time = interest

principal 160,000

rate 8% annual

days from November 7th to December 31th: 54 days

160,000 x 0.08 x 54/360 = <em>1,920 interest expense</em>

at maturity:

160,000 x 0.08 x 90/360 = 3,200

3,200 total interest less 1,920 accrued interest = 1,280

8 0

3 years ago

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita

Alex17521 [72]

Answer:

True

Explanation:

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.

7 0

1 year ago

A marine biologist is planning to move from Sydney, Australia to San Francisco. She has $5,000 Australian dollars (AUD) to make

natita [175]

Answer:

Now, if takes 0.765 USD to be equal 1 AUD. when the dollar increases, it will take fewer dollars to equal 1 AUD. for instance, it takes 0.5 dollars per 1 AUD. The conversion will change to:5,000 AUD * (0.5 USD/AUD)

5,000 * 0.5

= $2,500

so, her AUD will be worth more now.

Explanation:

Solution

Given that:

Her present $5,000 AUD is worth $3,825 USD.

Then

5,000 AUD * (0.765 USD/AUD)

5,000 * 0.765

= $3,825

So,

If the USD dollar increases against the AUD, then, the ratio will reduce.

For example, it takes 0.765 USD to be equal 1 AUD. when the dollar increases, it will take fewer dollars to equal 1 AUD. for instance, it takes 0.5 dollars per 1 AUD. The conversion will change to:

5,000 AUD * (0.5 USD/AUD)

5,000 * 0.5

= $2,500

Therefore, her AUD will be worth more now.

6 0

2 years ago