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liraira [26]
3 years ago
5

What is meant by the statement the economy runs on credit?

Business
1 answer:
Misha Larkins [42]3 years ago
7 0
What is meant by the statement the economy runs on credit? Most people use credit cards, loans, or other means of borrowed/advanced funds to make purchases within the economy. Because everything that people use to make these purchases is borrow, the economy as a whole runs on credit. The United States owes other countries money as well and uses credit to help finance things the country needs. 
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2. How are school rules similar to state and federal laws? What woud the typical American high school be like if there were no r
jenyasd209 [6]
School rules and government rules are very similar, some similarity are no steeling and drugs and an average high school with no rules would be chaotic. 
7 0
4 years ago
Ok. if a person had a 1-7 IQ would you still date them?
zhenek [66]

Answer:

I dont think so no loooool

3 0
3 years ago
If the exchange rate for Mexican pesos has changed from 10 pesos to 9 pesos per dollar, _____.
cestrela7 [59]
When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar, then the Mexican peso has appreciated and the U.S. dollar has depreciated.

When a currency appreciates<span>, it means it has increased in value relative to any other currency; </span>depreciate means<span> it has been weakened or fell in value relative to any other currency.</span>
5 0
3 years ago
Read 2 more answers
s the initial transaction in a new margin account, a customer buys 1,000 shares of XYZ stock at $30. The market value increases
Ratling [72]

Answer:

Equity increases by $20,000 an SMA by $10,000

Explanation:

While equity is defined as the remaining value of an owner's interest in a business , the simple moving average is defined as the average of a selected range of prices , usually the closing prices by the number of periods in that range.

For every $1 increase in market value , the SMA increase by $0.5 and the equity by $1

<u>Workings</u>

1000 shares at $30 = $30,000

Market value  = 1000* $50 = $50,000

Equity increase - 50,000-30,000 = 20,000

SMA = 20,000 *0.5 = 10,000

6 0
3 years ago
Chuck has AGI of $71,600 and has made the following payments
kodGreya [7K]

Answer: $4,690

Explanation:

From the above, Chuck can include the following with his itemized deductions,

County Real Estate Tax,

School District Tax on Realty,

State Income Tax estimated Payments and

State income tax withholding.

Calculating the above,

= 950 + 670 + 1,010 + 2,060

= $4,690

the amount of taxes that Chuck can include with his itemized deductions is $4,690.

7 0
3 years ago
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