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hoa [83]
3 years ago
10

The functions of money are to serve as a rev: 06_06_2018 Multiple Choice resource allocator, a method for accounting, and a mean

s of income distribution. factor of production, exchange, and aggregate supply. unit of account, a store of value, and a medium of exchange. determinant of consumption, investment, and government spending.
Business
1 answer:
aliina [53]3 years ago
6 0

Answer:

unit of account, a store of value, and a medium of exchange.

Explanation:

Functions of money

1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans

2. Unit of account : money can be used to value goods and services, For example, $20  is the value of your favourite jeans

3. Store of value : money can retain its value over the long term, this it can be used as a store of value

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your local pawn shop loans money at an annual rate of 24 percent and compounds interest weekly. What is the actual rate being ch
Alika [10]

Answer:

27%

Explanation:

The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:

i=(1+(r/m))^m−1

i= effective annual rate

r= interest rate in decimal form=0.24

m=number of compounding periods per year= 52 (a year has 52 weeks).

i=(1+(0.24/52))^52-1

i=1.27-1

i=0.27

According to this, the answer is that the actual rate being charge on these loans is 27%.

6 0
3 years ago
According to economists, when two people make the exactly opposite decision:
disa [49]

Answer:

b. each person evaluates the situation according to his/her individual self-interest.

Explanation:

This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.

Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.

Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.

6 0
3 years ago
Suppose that in a certain community, 40% of the residents would answer "yes" to the question, "do you know the names of at least
juin [17]

Answer:

The proportion of people in your sample whose response is yes=40 people

Explanation:

<em>Step 1: Determine the statistical proportion that will say yes</em>

Proportion=40%=40/100=0.4

<em>Step 2: Determine the proportion in the sample that will say yes</em>

The proportion in the sample can be expressed as;

P=S×Z

where;

P=proportion in the sample

S=statistical proportion

Z=sample size

In our case;

P=unknown to be determined

S=40%=40/100=0.4

Z=100

replacing;

Proportion in the sample=0.4×100=40

The proportion of people in your sample whose response is yes=40 people

7 0
3 years ago
Walter Shewhart is listed among the important people of operations management because of his contributions​ to: A. assembly line
insens350 [35]

Answer:

E. statistical quality control.

Explanation:

Shewhart has contributed his great services towards Quality control through valuable research and its results, lectures and by publishing highly informative books. He also worked as a fellow member in American Statistical Association and International Statistical Institute.

Therefore, Walter Shewhart is listed among the important people of operations management because of his contributions​ to statistical quality control.  

7 0
3 years ago
Which of these can a student use a career assessment for?
hram777 [196]

Answer:

D. To help pick a college or university

Explanation:

Career assessments help a student know which field of work is best. Knowing the best field of work can help work choosing a school that specializes in that area.

3 0
2 years ago
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