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4 years ago

Refer to the given list of assets.

Business

1 answer:

almond37 [142]4 years ago

3 0

Answer:

The M1 definition of money includes item(s) :

3. Currency (coins and paper money) in circulation

6. Checkable deposits

Explanation:

According to Fred, M1 comprises:

(1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of other depository corporations;

(2) traveler's checks of nonbank issuers;

(3) demand deposits at commercial banks (excluding those amounts held by other depository corporations, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and

(4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions. \

Seasonally adjusted M1 is constructed by summing currency, traveler's checks, demand deposits, and OCDs, each seasonally adjusted separately.

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Sholpan [36]

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The correct answer is the option (C).

Explanation:

According to Timothy Walters, if price increases by $1 from $6 to $7 then quantity demanded will reduce from 1,200 units to 900 units.

This will lead to decrease in total revenue from (1,200 * $6) $7,200 to (900 * $7) $6,300.

According to Jack Mayers, if price increases by $1 from $6 to $7 then quantity demanded will reduce from 1,200 units to 950 units.

This will lead to decrease in total revenue from (1,200 * $6) $7,200 to (950 * $7) $6,650.

It can be seen that with increase in price, total revenue is decreasing in both cases. This happens when demand is elastic.

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Timothy and Jack will most likely to agree that the demand for good A is elastic.

Hence, the correct answer is the option (C).

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3 years ago

Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision

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Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision and goals for the team, set the structure for the team, and communicate with executives. However, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work

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2 years ago

Cecelia’s government provides for her basic needs. In return, Cecelia works in the factory downtown, as she always has since the

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3 years ago

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mafiozo [28]

Answer:

True

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The income statement shows the total revenue and expenditure of firm during a period (i.e, during a trading year). Income statement usually is prepared to show the gross profit and net profit of the business during a trading period.

On the other hand, The balance sheet of a firm shows the financial position of the firm as at a particular period of time. It show the owner's equity, the asset and the liabilities of the business as at a particular date.

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