Although it is the most liquid asset, money is a flawed store of value. M1 is recognized as the measure of the money supply that is the most precisely specified.
What is term money?
Money is a good that is widely acknowledged as a means of economic exchange.
Because of inflation, money is actually an imperfect store of value. A monetary system where gold or silver, for example, is used as the actual medium of exchange. A form of money where paper money is backed by gold.
As a result, option (b) is correct.
Learn more about on money, here:
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Answer:
The Answer is A) 2
Explanation:
Drawing details from the question, the formula for calculating Average Waiting Time under the Single -Server Queue Model is given as:
Average Waiting Time = <u>(Average No of customers waiting in line</u>)
λ
> λ is a mathematical symbol pronounced Lambda and here refers to <em>Rate of Arrival.</em>
> We have Average Waiting Time = 8
> We have λ (Average Rate of Arrival) = 15 People every hour (that is 60 Minutes)
> that is 15/60= 0.25
Therefore λ = 0.25
> Lets assume that Average No. of Customers Waiting in Line is C
Our formula (by substituting the various factors above now becomes
8 = C/0.25
To get, we cross multiply. So we have:
C = 8 x 0.25
C = 2 thefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.
Cheers!
<span>The implied forward premium or discount of the yen (over the current spot rate) for a five year forward contract would be 12.36 percent premium.</span>
Answer:
Direct Materials = 49,000 units
Conversion Costs = 45,280 units
Explanation:
<em>Hi, your question is incomplete. I have uploaded the full question as image below.</em>
Equivalent units are physical units of outputs expressed as percentage in terms of work done on them.
Equivalent units calculation :
Direct Materials = 42,800 x 100 + 6,200 x 100 % = 49,000 units
Conversion Costs = 42,800 x 100 + 6,200 x 40 % = 45,280 units
