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vichka [17]
3 years ago
10

Which form of currency is not backed by gold today? The form of currency no longer backed by gold is called money

Business
1 answer:
Amiraneli [1.4K]3 years ago
3 0
<span>
The form of currency that is no longer backed by gold is called money. The currency is not backed by gold because in 1971 people have became able to utilize </span><span>banknotes</span><span> as the only form of money. So, the money had no currency with any gold or silver backing and that is the reason why it is not backed.
</span>
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At NikeID, you can design your own athletic shoes by selecting the material, choosing the color and even adding other personal t
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Which level of management sets general​ policies, formulates​ strategies, approves all significant​ decisions, and represents th
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3 years ago
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
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Answer:

 export               import                net export  

1. increases         unchanged         increases

2. unchanged       increases             decreases

3.  unchanged       increases             decreases

4. unchanged       increases             decreases

5. increases         unchanged         increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

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The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

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