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Fantom [35]
3 years ago
9

In the late​ 1940s, the Communists under Mao Zedong were defeating the government of China in a civil war. The paper currency is

sued by the Chinese government was losing much of its​ value, and most businesses refused to accept it. At the same​ time, there was a paper shortage in Japan. During these​ years, Japan was still under military occupation by the United States. Some U.S. troops in Japan realized that they could use dollars to buy up vast amounts of paper currency in​ China, ship it to Japan to be recycled into​ paper, and make a substantial profit. Under these​ circumstances, was the Chinese paper currency a commodity money or a fiat money?
Business
1 answer:
Softa [21]3 years ago
5 0

Answer:

fiat money

Explanation:

yes

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An associate professor of physics gets a $200 a month raise. She figures that with her new monthly salary she can buy more goods
azamat

Answer:

The correct answer is a. Her real and nominal salary have risen.

Explanation:

The term nominal salary refers to the salary literally expressed in money; It is the sum of money paid to the worker for the work done during the stipulated day. When referring to the nominal salary we cannot give ourselves a general idea about the level or real value of the salary. The true value of this salary depends entirely on the level of the prices that correspond to the objects of personal consumption, also on the value of the services that are required, as well as the volume of taxes, among other common expenses.

For its part, the real salary refers to the salary expressed with respect to livelihoods and services available to the worker with his salary; Indicates the amount of consumer items that the worker is able to acquire, as well as services that a worker can buy with his nominal salary (which is handled in the monetary amount that the worker receives)

7 0
3 years ago
Which of the following best describes the current ratio?
-Dominant- [34]

Answer:

c. liquidity ratio

Explanation:

Liquidity means having cash or access to cash readily available to meet obligations to make  payments.

For the purpose of ratio analysis, liquidity is measured on the assumption that the only sources of

cash available are:

Cash in hand or in the bank, plus

Current assets that will soon be converted into cash during the normal cycle of trade.

It is also assumed that the only immediate payment obligations faced by the entity are its current  liabilities.

There are two ratios for measuring liquidity:

Current ratio

Quick ratio, also called the acid test ratio.

Based on the above discussion, the answer is c. liquidity ratio

8 0
3 years ago
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Roland is filing his federal income tax return with the 1040ez form, and he received two w-2 forms. on one, $2620 in federal inc
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3890 is your answer if its apex
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3 years ago
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Solve for the missing amounts in the T-account given below. Assume that there is only one debit entry and one credit entry in th
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Answer:

Payment to suppliers was $ 17,100

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Explanation:

Please refer to the attached for working.

8 0
3 years ago
In comparing the current ratios of two companies, why is it invalid to assume that the company with the higher current ratio is
klio [65]

Answer: I found the options:

A. The current ratio includes assets other than cash.

B. A high current ratio may indicate inadequate inventory on hand.

C. The two companies may define working capital in differentterms.

D. A high current ratio may indicate inefficient use of various assetsand liabilities.

Explanation: The correct answer is "D. A high current ratio may indicate inefficient use of various assets and liabilities."

Is invalid to assume that the company with the higher current ratio is te better company because a high current ratio may indicate inefficient use of various assets and liabilities, That is why it would be convenient to observe other ratios that can help us compare more fully the 2 companies.

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3 years ago
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