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valkas [14]
2 years ago
13

What is the difference between commodity money and fiat​ money?

Business
1 answer:
Eva8 [605]2 years ago
6 0

Answer:

Please see answer in the explanation below

Explanation:

Commodity money can be defined as money that its value comes from the commodity with which it was made. That is, commodity money is money that is gotten as a result of the material from which the money was made. Examples of these materials are silver, gold, etc. These materials have intrinsic value on their own as the materials have a worth of their own before being used to make currency.

Fiat money on the other hand is defined as money that is declared as the legal tender by the government. That means that fiat money is the money that is acceptable as a medium of exchange for goods and services as issued by the government. Fiat money does not have intrinsic value.

Cheers.

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A farmer finds that when he produces more corn, he also has more corn stalks that he can then sell as decorative ornaments. To t
yulyashka [42]

Answer:

"Complements in production" is the correct answer.

Explanation:

The changes throughout the demand through one counterbalance throughout manufacturing resulted in higher consumption of one another.

  • Complements instead in production however are commodities manufactured collaboratively from a certain revenue stream as well as input.
  • This generally occurs when the revenue stream in the discussion has components that could be composed of certain commodities categories.
6 0
3 years ago
The annual percentage yield (apy) is the
tia_tia [17]
Annual interest rate that factors in compounding effects.

Formula: APY = ( 1 + APR/n )^n - 1
4 0
3 years ago
Read 2 more answers
Why do businesses take financial cost into account other than social cost when making decisions.
deff fn [24]

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Why do businesses take financial costs into account other than social costs when making decisions.?

The reason why is because businesses are created to make profits. And financial costs directly impact sales, revenue, and profits. Any other consideration that does not directly affect the balance sheet or the bottom line, is not considered a priority and takes the back seat when business decisions are made.

On the other hand, the social cost should be important and it is, but not as important as the financial costs for the above-mentioned reasons.

Social costs are more on the side of the ethics of the managers or leaders of the organizations. And ethics and moral values are not a prominent thing to be considered in the decision-making process of modern corporations.

7 0
2 years ago
Krell Industries has a share price of $ 21.05 today. If Krell is expected to pay a dividend of $ 0.89 this year and its stock pr
V125BC [204]

Answer:

Krell's dividend yield and equity cost of​ capital are 4.23% and 19.95%

Explanation:

Dividend yield = expected dividend/price today

                         = $ 0.89/$ 21.05

                         = 4.23%

Equity cost of capital = (Ending share price - Initial price + Dividend per share) / Initial price * 100

                                   = [($24.36 - $21.05 + 0.89)/$21.05]*100

                                   = 19.95%

Therefore, Krell's dividend yield and equity cost of​ capital are 4.23% and 19.95%

3 0
3 years ago
GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in
RSB [31]

Answer:

False

Explanation:

A Gantt chart is named that way because it was originally developed by Henry Gantt. A Gantt chart represents a project schedule and it depicts the relationship between the activities that are being carried out and their schedule status. It includes the start and finish dates of the project's main activities, tasks, dependencies and milestones.

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