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Oxana [17]
3 years ago
7

The U.S. fiduciary monetary system: a. is one where money is not convertible to a valuable commodity such as gold. b. is the one

agency responsible for providing coins and paper currency. c. controls the private banking system. d. puts capital controls in place.
Business
1 answer:
Minchanka [31]3 years ago
8 0

The U.S. fiduciary monetary system is one where money is not convertible to a valuable commodity such as gold.

Option a

<u>Explanation: </u>

In fiduciary monetary system, the money is issued by the government and the value of the money depends uniquely on faith of the public that the currency represents command over services and goods.  The word fiducia is from Latin and it means trust or confidence.

Fiduciary money includes demand deposits of banks namely checking accounts. Fiduciary money is accepted depending on the trust its issuer commands.

The fiduciary currency is supplied in the economy by Fed. Fiduciary money can be classified into two categories namely,

  • Paper money - Includes all the banknotes  
  • Divisional currency  - Includes all the coins

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Recording purchases made for cash and on account. LO 8-1 Lewis Corporation engaged in the following transactions during June. DA
vampirchik [111]

Answer:

(A) June 4

Inventory debit 1,065

Accounts Payable credit 1,065

(B) June 15

Inventory debit 1,550

Cash credit 1,550

(C) June 30

Accounts Payable debit 1,065

Cash credit 1,065

Explanation:

(A) there is no information or suggestion that Lweis will take the discount, we post as it was nominal, if later on it is paid within the discount period, we will recognize it. <u>No discount is recorded</u>

(B) Simple: increase the inventory receive and decrease cash by the amount paid.

(C) We settle the account payable for the nominal of the purchase.

It wasn't within the discount period. So <u>no discount is granted.</u>

5 0
3 years ago
Brand socialization is a measure of how effectively ______. a. a company’s brand reinforces a positive relationship between the
oee [108]

Answer: Option (B)

Explanation:

From the given options we can state that , option (B) is correct. Brand socialization  is referred to as or known as the measure or scale of how effectively an organization or a company tends to engage with its several or various stakeholders which are mostly online and act in mutual profitable and beneficial exchange of data and information.

5 0
3 years ago
Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand
emmainna [20.7K]

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time

And others.

3 0
2 years ago
You want to be a millionaire when you retire in 40 years. a. How much do you have to save each month if you can earn an annual r
oksano4ka [1.4K]

Answer:

The answers are:

a. 1866.79

b. 2489.05

c. 3733.57

Explanation:

a. Let us begin by calculating the total amount to be saved each year.

Let the total amount to be saved each year be "m"

annual return = 11.6% of m = 11.6 ÷ 100 = 0.116 of m

Therefore to be a millionaire in 40 years, the total amount saved for the year + the annual return on that amount when multiplied by 40 will yield 1 million. It is represented thus:

(0.116m + m) × 40 = 1,000,000

= (1.116m) × 40 = 1,000,000

44.64m = 1,000,000

∴ m = 1,000,000 ÷ 44.64 = 22401.433691756

therefore amount to be saved for a year = 22401.433691756

to calculate amount to be saved each month we divide this amount by 12, because 12 calendar months make one year. Hence;

amount to be saved each month = 22401.433691756 ÷ 12 = 1866.79 (to 2 decimal places).

b. If you wait 10 years, then you have only 30 years left to save

since the annual return remains the same,

(0.116m + m) × 30 = 1,000,000

(1.116m) × 30 = 1,000,000

33.48m = 1,000,000

∴ m = 1,000,000 ÷ 33.48 = 29868.578255675 (amount to be saved for a year)

Therefore amount to be saved per month = 29868.578255675 ÷ 12 = 2489.05 ( to 2 decimal places)

c. If you wait 20 years before saving, you hve 20 years more to save.

Since the annual return remains the same;

(1.116m) × 20 = 1,000,000

22.32m = 1,000,000

m = 1,000,000 ÷ 22.32 = 44802.867383512 (yearly amount to be saved)

Therefore amount to be saved per month = 44802.867383512 ÷ 12 = 3733.57 ( to 2 decimal places).

7 0
3 years ago
a. Suppose the Federal Reserve wants to increase the money supply. What should it do to accomplish this goal
Ne4ueva [31]

If the Federal reserve want to increase the money supply what they would do would be to reduce or lower the discount or the interest rate in the economy.

When the interest rate is lowered, it would discourage savings. There would be an increase in the consumption of goods and services in the economy.

Also lowering the discount rate is going to cause the banks to want to borrow more reserves from the Fed. It would then be able to create more loans.

This would lead to a raise in the money supply.

Read more on brainly.com/question/2238267?referrer=searchResults

6 0
2 years ago
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