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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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e-Shop, Inc. has net sales on account of​ $1,500,000. The average net accounts receivable are​ $610,000. Calculate the​ days' sa
mina [271]

Answer:

The​ days' sales in receivables are B.148.37 days

Explanation:

The​ days' sales in receivables is calculated by using following formula:

The number of days' sales in receivables = 365/Accounts receivable turnover

In there:

Accounts receivable turnover = Net Credit Sales /Average Accounts Receivable

E-Shop, Inc. has net sales on account of​ $1,500,000 and average net accounts receivable of​ $610,000.

Accounts receivable turnover = $1,500,000/$610,000 = 2.46 times

The number of days' sales in receivables = 365/2.46 = 148.37 days

4 0
3 years ago
If a 30% price increase for Product A causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for
Aleks04 [339]

Answer:

The correct answer is: Zero, Option c.

Explanation:

The price elasticity of demand shows the change in the quantity demanded of a commodity due to a change in the price of the commodity.  

The cross-price elasticity is the change in the quantity demanded of a product because of a change in the price of related good.  

The cross-price elasticity is calculated by finding the ratio of proportionate change in quantity demanded and proportionate change in price.  

Cross-price elasticity in this situation will be

= \frac{\% \Delta Qy}{\% \Delta Px}

= \frac{0}{30}

= 0

The cross-price elasticity is zero. This implies that the two goods have no relation.

5 0
4 years ago
4. Dairy Co. sells raw cream directly to the public. Maxwell gets sick after consuming some of Fairy Co.’s raw cream. Maxwell su
Len [333]

Answer:

Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.

Explanation:

Given in this case, Maxwell is applying "Universal Commercial Code (UCC)" division 2 provision, which defines all the goods and services.

A movable property, which can be sold from seller to the buyer at certain prices are called goods. Therefore, in this case, "Raw Cream" comes in the definition of goods, as it is directly sold to Maxwell by the grocery shop.

Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.

5 0
4 years ago
Which of the following statements about feedback is most likely FALSE?a. Research shows that subordinates believe their leaders
makkiz [27]

Answer:

The correct answer is a) Research shows that subordinates believe their leaders give more feedback than their leaders think they do.

Explanation:

Companies use the feedback method to have a fluid and effective communication with their employees and bosses, generally, the feedback provides positive comments about the employee's actions but also what can improve in their work.

Feedback is a method that helps in the development of jobs and improves the work environment in jobs.

For example, the research case shows that subordinates believe that leaders give the necessary comments in the feedback process.

<em>I hope this information can help you.</em>

5 0
3 years ago
The existence of dissimilar mental models is likely to lead to ________.A) diverse but appropriate decisions being made by the t
Schach [20]

Answer:

D) disagreements over the methods to be applied for task completion.

Explanation:

When there will be dissimilar models that is models with different approach then there will be conflicts in the respective results and that each manager will have different opinion and approach towards the application of models.

As with different models there will be different requirements and different results, accordingly it will only create a dispute in choosing the correct method, and model.

Therefore the correct answer is option D)

6 0
4 years ago
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