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marin [14]
3 years ago
7

In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. For what

purpose did this person use the money?
A) increase trade
B) store of value
C) medium of exchange
D) unit of account
E) investment
Business
2 answers:
muminat3 years ago
5 0
In the given situation above, the person used five beaver pelts to purchase a bag of rice and another two beaver pelts for a pair of shoes. Therefore, based on this scenario, the purpose that this person used this money is for medium of exchange. The correct answer would be option C. 
Svet_ta [14]3 years ago
3 0

Today we have currencies to buy things, but there was an era when there were no currencies. People at that times used to exchange things to buy or sell something.

In the given case person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes, so it is a clear indication that the person used a medium of exchange.


Hence, the correct answer is <u>C) medium of exchange</u>





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Answer:

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Explanation:

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For this reason, I would target a high income country first, and the most straightforward proxy to measure the average income of a nation is its GDP Per Capita, which is the GDP divided by the total population of the country.

According to the CIA Factbook, we have the following GDP Per Capita figures for the countries listed:

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As a result, I would choose Germany, because it has the highest GDP per capita among the lot.

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3 years ago
A retail operation has an average gross margin of 35%. If the average monthly sales for the store is $200,000.00, what is the co
GarryVolchara [31]

Answer:

COGS= $130,000

Explanation:

Giving the following information:

A retail operation has an average gross margin of 35%.

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Hope this helps!
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More about interdependent economic system:

Economic interdependence refers to the mutual reliance of those involved in an economic system who trade in order to receive the goods they are unable to create effectively on their own.

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