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3 years ago

Under the Bretton Woods system

Business

2 answers:

yulyashka [42]3 years ago

7 0

Answer:

D) all of the options

Explanation:

The Bretton Woods system lasted between 1944 and 1971, until the US exited the gold standard. the gold standard pegged the value of the US dollar and other currencies to gold reserves.

The problem with the gold standard was that it didn't consider rising inflation and severely limited any actions that the FED could take to try to control it. It also limited economic growth, since the gold reserves couldn't keep up with the growth of the economy. This didn't only happen to the US, all the countries that adopted the gold standard stopped using it for the same reasons.

The original idea of the Bretton Woods agreement was that each country would peg its exchange rate to a certain value of gold, but as the price of gold increased, the rest of the countries pegged the value of their currency to the US dollar. That is why the US dollar is still today the most widely used currency in the world and almost 60% of all the physical currency is held outside the US.

Mumz [18]3 years ago

4 0

Answer:

The answer is D. All of the options

Explanation:

The Bretton Woods system of of monetary management which was negotiated in 1944 with the aim of creating an international monetary system.

Under this system, representatives of countries agreed to establish a par value of their respective currencies in relation to the dollar. Dollar was pegged at $35 per ounce, and each country was responsible for maintaining its exchange rate within 1 percent of the adopted par value by buying or selling foreign exchanges as necessary.

However, in the early 1970s, President Richard Nixon made the announcement that the United States would no longer be accepting gold in exchange for the dollar, and the put an end to the Bretton Woods system.

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Jules has incorporated a business, The Spree Chocolatier. It has facilities in five major cities in California, Arizona, and Was

Nady [450]

Answer:

Spree Chocolatier would be considered as both the state of incorporation and the state of its principal place of business

Explanation:

The Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business According to federal diversity purposes because based on the information given the Spree Chocolatier which was incorporated by Jules has several of their facilities in five major cities which include California, Arizona, and Washington in which after fulfilling the contract for the 500 fancy desserts for a banquet, the same Spree Chololatier has client in Seattle, Washington which refused to pay which makes Jules to brought suit this means Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business because the state of incorporation and the state of its principal place of business are the 5 major cities in which Jules incorporated his business.

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2 years ago

What unique things words separate you from other applicants Applying for this funding?

Zolol [24]

Answer:

Having to handle the business side of things while also working on developing a great product wasn't easy, but that challenge helped me grow as a professional. I think a lot of people applying for tech

Explanation:

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3 years ago

For the following investments, identify whether they are: Trading debt securities. Available-for-sale debt securities. Held-to-m

AnnyKZ [126]

Answer:

(a) A bond that will mature in 4 years was bought 1 month ago when the price dropped. As soon as the value increases, which is expected next month, it will be sold. - Trading Debt Securities

Trading debt securities such as these are held only for a short time before they are sold with the goal being short term profit.

(b) 10% of the outstanding stock of Farm-Co was purchased. The company is planning on eventually getting a total of 30% of its outstanding stock. - None of the Above

This is an Equity Investment.

(c) Bonds were purchased in December of this year. The bonds are expected to be sold in January of next year. - Trading Debt Securities

Like the bond in (a), this is being held for a short while only and then it will be sold so it is a Trading debt security.

(d) Bonds that will mature in 5 years are purchased. The company would like to hold them until they mature, but money has been tight recently and they may need to be sold. - Available-for-sale debt securities

Available for sale debt securities are to be sold before maturity and therefore have no certain selling time. The bond above has no selling time as it might be sold at any point so it is an Available-for-sale debt security.

(e) Preferred stock was purchased for its constant dividend. The company is planning to hold the preferred stock for a long time. - None of the above.

This is an Equity investment as well.

(f) A bond that matures in 10 years was purchased. The company is investing money set aside for an expansion project planned 10 years from now. - Held-to-maturity debt securities.

Held to Maturity bonds are bought with no intention of selling and the company hopes to hold them till they mature like this bond which will be held for 10 years.

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3 years ago

Kurt, who is a divisional manager, continually brags that his division’s required return for its projects is 1 percent lower tha

Viefleur [7K]

Answer:

D. Kurt’s division is less risky than the other divisions.

Explanation:

Based on the information provided within the question it can be said that the most likely reason is that Kurt’s division is less risky than the other divisions. Just as the saying goes "the greater the risk, the greater the reward", the same goes for the opposite, the lower the risk that a division has to undertake the lower the percent for the required return.

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3 years ago

Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annual principal payments each De

konstantin123 [22]

The following journal entry will be passed in the books of accounts and the interest expense is calculated to an amount of $9600

Explanation:

Given data:

amount of note: $200000, annual principal payments to be made each year at December 31st = $40000, interest amount to be charged = 6 percent, duration of note = 5 years

the following calculation is made in order to find out the amount of interest:

Amount of note minus principal payment multiply with rate of interest

now, putting the figures in formula:

interest = 200000 minus 40000 = $160000 multiply with .06 = $9600

Thus, the interest amount = $9600

The interest expense will be debited with an amount of $9600 in the books of accounts.

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