Money is a kind of asset in an economy that is castoff to purchase goods and amenities from other people. A commodity is a physical thing that is willingly substitutable with one more item of the same type. Commodity money is a commodity that has intrinsic value. Intrinsic value is the commodity has worth though it is not used as money. So the answer is a woman offers her neighbor a US silver dollar in exchange for a bicycle.
Answer:
B)
Explanation:
Sue is not required to recognize gross income from the receipt of the funds, but she must reduce her cost basis in the land by $2000.-
Answer:
That you can't get the shoes that you want because you don't have enough money or go to work to get some more money for your shoes that you want
According to the Bureau of Labor Statistics, the actual unemployment rate was 8.3% in February 2012 and the natural rate of unemployment was 5.2%. The<u> cyclical</u> unemployment rate was <u>3.1</u>%.
<u>Explanation:</u>
Unemployment is when an individual who is able to work and is also willing to work at the wage rate which is prevailing in the market, does not get work. There are some types of unemployment like cyclical, structural, frictional and so on.
Cyclical unemployment is the rate of unemployment that occurs in the different phases of the trade cycle. Because of high rate of actual unemployment rate in 2012, the cyclical rate of unemployment was also around 3%.
Answer:
Comparability of Financial Statements in different jurisdictions
Explanation:
The reason is that if the IFRC is successful in achieving this then it will help the investor to make more informed decisions and gain maximum out of the investment and all this is only possible by enhanced comparability of the financial statements in different jurisdictions.
