A monetary system where the value of monetary units is set by the specified quantity of an item is commodity money.
Explanation:
A commodity currency could be a name given to certain currencies that co-move with the globe costs of primary trade goods product, because of these countries' significant reliance on the export of certain raw materials for financial gain. It comprises goods that have worth in themselves (intrinsic worth) additionally as a value in their use as cash. For instance, mediums of exchange for commodity money includes gold, silver, copper etc.
Agreed to work together to control the price of domestic steel.
The chief executive officers of the major U.S. steel makers would most likely be prosecuted under the antitrust laws if they agreed to work together to control the price of domestic steel.
<h3>What are the objectives of antitrust law?</h3>
The Sherman Act, the nation's first antitrust statute, was enacted by Congress in 1890 as a "comprehensive charter of economic liberty designed to maintain open and unhindered competition as the rule of commerce." The antitrust laws generally prohibit unauthorized mergers and business practices, leaving it to the courts to determine which ones are prohibited based on the specific facts of each case.
From the era of horses and buggies to the modern digital era, courts have applied antitrust rules to evolving marketplaces. Nevertheless, for more than a century, the antitrust laws have had the same fundamental goal: to safeguard the competitive process for the benefit of consumers, by ensuring that there are strong incentives for businesses to operate effectively, keep prices low, and keep quality high.
<h3>The three core federal antitrust laws:</h3>
- Any "monopolization, attempted monopolization, conspiracy, or combination to monopolize" is prohibited by the Sherman Act, as is "every contract, combination, or conspiracy in restraint of trade."
- The Sherman Act has harsh penalties that can be applied. The Sherman Act is a criminal law as well, and although the majority of enforcement actions are civil, anyone or any company that violates it may face legal action from the Department of Justice.
- "Unfair techniques of competition" and "unfair or deceptive activities or practices" are prohibited by the Federal Trade Commission Act.
Learn more about antitrust laws here:
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Answer:
what is the money multiplier?
what is the total change in the M1 Money Supply?
- Just because a client deposits money into a bank it does not increase M1, it just changes its composition. The immediate effect of the deposit in the total money supply is nothing. If the bank loans the money to other clients ($581 in total loans are possible), and other clients deposit the funds in the same bank or other banks, then the money supply could increase up to $3,416.
what is the minimum amount by which the money supply will increase?
- If the bank loans the disposable funds, the money supply should increase by $581 at least.
Explanation:
The bank's required reserve ratio = reserves / deposits = $493 / $2,900 = 0.17 or 17%.
the money multiplier = 1 / required reserve ratio = 1 / 0.17 = 5.88
if a client deposits $700, the minimum amount by which the money supply will increase = $700 x (1 - required reserve) = $700 x (1 - 0.17) = $700 x 0.83 = $581
the maximum amount by which the money supply could increase = ($700 x 5.88) - $700 = $4,116 - $700 = $3,416
These policies are examples of <u><em>"work-life balance".</em></u>
Employees always want to balance work with rest of the activities they wish to seek after throughout everyday life. Work balance is particularly essential to your millennial representatives who are accustomed to packing their days with differing exercises and hours of electronic correspondence.
Work-life balance is an idea that portrays the ideal of splitting one's time and energy among work and other critical parts of their life. Accomplishing work-life balance is a day by day challenge. It can be difficult to set aside a few minutes for family, companions, network cooperation, self-improvement, self-care, and other individual exercises, notwithstanding the requests of the working environment.
Answer:
$1,926.97
Explanation:
Given the following :
Loan amount (L) = 8,180
Interest rate (I) = 5.3%
Period (n) = 4 years
Using the formula:
A = L(1 + I/t)^nt
Where A = final amount
t = number of compounding periods per year
A = 8180( 1 + 0.053/12)^(4 * 12)
A = 8180 ( 1 + 0.0044166)^48
A = 8180 * ( 1.0044166)^48
A = 8180 * 1.2355709
A = 10106.970
Final amount after 4 years = 10,106.970
Hence amount Paid as interest over that period will be :
Final amount - Loan amount
10,106.970 - 8,180
= $1,926.97