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3 years ago

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

1 answer:

3 0

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 banknotes 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.

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The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the ________ interest rate. A.

finlep [7]

Answer: The correct answer is d) NOMINAL

Explanation: Nominal interest rate is the interest rate before inflation is taken into account. Nominal interest rate can also be used to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.

It is the contractual interest rate charged by a lender or promised by the borrower.

3 0

3 years ago

A tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be v

Snowcat [4.5K]

Answer:

Option D is correct.

Third-degree price discrimination

Explanation:

tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be viewed as a practice of Third-degree price discrimination.

Third Degree Price Discrimination involves charging a different price to different groups of consumers for the same good. These groups of consumers can be identified by particular characteristics such as age, sex, location, time of use.

5 0

3 years ago

Read 2 more answers

The marketing team of a regional airline company plans to launch a new marketing campaign to draw more customers to its flights.

MrMuchimi

Explanation:

1. advertising 

2. distribution 

3. well crafted

4 0

2 years ago

Becky only eats out at Macaroni Grill and eats out three times per month. She receives a raise from $33,200 to $33,500 and decid

iragen [17]

Answer:

55.58

Explanation:

Data provided in the question;

Initial demand per month, Q₁ = 3

Final demand per month, Q₂ = 5

Initial price, P₁ = $33,200

Final price, P₂ = $33,500

Now,

elasticity of demand using midpoint method is calculated as :

= $\frac{\textup{percent change in demand}}{\textup{percent change in supply}}$

= $\frac{\frac{Q_2-Q_1}{\frac{Q_1+Q_2}{2}}}{\frac{P_2-P_1}{\frac{P_1+P_2}{2}}}$

on substituting the respective values, we get

= $\frac{\frac{5-3}{\frac{5+3}{2}}}{\frac{33,500-33,200}{\frac{33,200+33,500}{2}}}$

= $\frac{\frac{2}{4}}{\frac{300}{\frac{66,700}{2}}}$

= $\frac{0.5}{\frac{300}{33,350}}$

= 55.58

3 0

3 years ago

___________ attempts to increase task efficiency by breaking down jobs into simple steps and assigning people to each of those s

SpyIntel [72]

Answer:

A) Job simplification.

Explanation:

Job simplification makes it easy to complete the whole task by dividing it into small steps. Basically this can improve productivity and efficiency.

For instance: A whole task was done by a single employee and it took him a day to complete it, through Job simplification task would be divided into steps and those sub tasks would be assigned to different employee's with a deadline to complete it in 6 hours, much less than the formal employee took.

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3 years ago

Read 2 more answers