Answer:
The answer is yes, it will function as a medium of exchange.
Explanation:
Money has three functions, store of value, unit of account and medium of exchange. Money that can be used as a medium of exchange is money that is accepted as such by both buyers and sellers, and that is comfortable, or convenient enough, to be carried and exchanged
In this example, the nation of Newbie will issue a currency that can be easily transported. While heavy stock cardboard is a little bit heavier than the paper in which most modern-day currencies are printed, the weight is still light, and does not impede easy transportation and exchange of the currency bills.
Besides, the new Newbie Nugget will be what is know was the legal tender of the nation. The legal tender is the currency that a specific country accepts to collect taxes. This gives more legitimacy to Newbie Nugget and makes it a classical example of a medium of exchange.
Complete Question
Annual rent $ 7,380
Insurance 145
Security deposit 650
Annual mortgage payments $9,800 ($9,575 is interest)
Property taxes 1,780
Insurance/maintenance 1,050
Down payment/closing costs 4,500 Growth in equity 225
Estimated annual appreciation 1,700
Assume an after-tax savings interest rate of 7 percent and a tax rate of 28 percent.
(a) Calculate the total rental cost and total buying cost.
Answer:
Explanation:
(a)Rental Costs
Buying Costs $7,380
Rent $9,800
The following calculations were made:
Interest lost on security deposit
= Security deposit × 7%
= $650 × 0.07 = $45.5
Interest lost on down payment and closing cost
= Down payment × 7%
= $4,500 × 0.07 = $315
Tax savings for mortgage interest =
Interest × 28%
$9,575 × 0.28 = $2,681
Tax savings for property taxes =
= Property taxes × 28%
$1,780 × 0.28 = $498
Answer: (C) Corn and satellite radio
Explanation:
The corn and the satellite radio is one of the international telecommunication system that is specifically used for the broadcasting purpose.
The corn is one of the type of radio broadcasting that is used as in the form of FM. It is used by using various types of programming applications in the form of terrestrial radios.
The corn system is cheaper as compared to the satellite radio system, as it is widely use in the terrestrial area and the provide services to each geographical areas.
Therefore, Option (C) is correct.
An information management specialist would be the one to fix an issue with a network.
Multiplying the dependent variable by 100 and the explanatory variable by 100,000 leaves the OLS estimate of the slope the same.
Explanation:
Its because, The OLS slope coefficient calculators are not based on the weight.
In statistics ordinary least square (OLS), an estimate of uncertain parameters in the linear regression model is a linear least-square form. OLS is the highest likelihood estimator on the basis that errors naturally are distributed.
The OLS estimator is compatible when the regressors are exogenous and efficient when the errors are homoscedastic and not strongly associated within the class of linear unbiased estimators.
