1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katarina [22]
3 years ago
13

Identify each of the statements regarding goldsmiths and the evolution of banks as either true or false. Receipts for gold depos

its were nontransferable. Because what became paper money issued by goldsmiths depended on the amount of gold deposited, goldsmiths could not actually create money. The earliest banks backed deposits 100% with gold. Early banks' ability to create money was limited only by the goldsmiths' prudence and judgement. The development of paper money and the banking system was due in large part to convenience.
Business
1 answer:
AlladinOne [14]3 years ago
5 0

Answer:

1. False

2. false

3. True

4. False

5. True

Explanation:

Receipts for gold deposits were nontransferable. (False)

Because what became paper money issued by goldsmiths depended on the amount of gold deposited, goldsmiths could not actually create money. (False)

The earliest banks backed deposits 100% with gold. (True)

Early banks' ability to create money was limited only by the goldsmiths' prudence and judgement. (False)

The development of paper money and the banking system was due in large part to convenience. (True)

You might be interested in
When Luke, Larry, and Lance lost their jobs during the recent recession, they pooled their resources, borrowed a little more, an
stepladder [879]

Answer:

a) Limited liability company

Explanation:

Considering the options given, as an advisor the form of business that I would recommend is: limited liability company that is a structure in which the owners  are not responsible with their personal assets for the company's debts as the three owners are concerned about this risk.

I would not advise the other forms of business because the sole proprietorship is a firm that is run by one person, the general partnership is a structure in which two or more people agree to share unlimited liability which means that they share all their personal assets and are responsible for any debt the company has with them and the master limited partnership is a company that trades securities in the market.

4 0
3 years ago
The emergency operations plan functions as a local law. True or false.. ?
aev [14]
The answer is False because they didn't plan functions as a local law..this is my opinion.

7 0
4 years ago
CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr
Gelneren [198K]

Answer:

$1,956,684

Explanation:

As the project has a expected annual return, we have to calculate future value of this investment to find how much money Cll, Inc. will have after 10 years to reinvest.

We know,

FV = PV × (1 + i)^{n}

Given,

Present Value, PV = $630,000

Annual rate of return, i = 12% = 0.12

Number of period, n = 10 years

Putting the value into the above formula, we can get,

FV = $630,000 × (1 + 0.12)^{10}

FV = $630,000 × 3.105848

FV = $1,956,684

$1,956,684 can be reinvested after the liquidation of 10 years.

8 0
3 years ago
A firm could continue to operate for years without ever earning a profit as long as it is producing an output where
Assoli18 [71]

A firm could continue to operate for years without ever earning a profit as long as it is producing an output where

<span> B. MR >AVC</span>

<span>MR stands for marginal revenue which is the sale price of a single item sold. On the other hand, AVC or the average variable cost is the firm’s variable costs divided by its output that is produced.</span>

5 0
3 years ago
Coca-Cola, Inc. and PepsiCo, Inc. have only one distributor each in the Phoenix area. The Phoenix market is an intensely competi
yaroslaw [1]

Answer:

B. The denial is justifiable given the level of interbrand competition.

Explanation:

Anti trust law only applicable if you can proof that two or more producers in the same industry work together in order to assert their control over the market. They can do this through price fixing, controlling the amount of supply, etc.

This condition<em> can't be found</em> in the scenario above.

The denial that done by PepsiCo is justifiable because in a really competitive market, a company need to impose a strict requirement on which entities they should form a dealership relation with. If PepsiCo choose the wrong dealers, Its competitors could easily taken over the market and resulted in a huge amount of loss for the company.

7 0
4 years ago
Other questions:
  • Which of the following suggestions for integrating graphics in a report is the most accurate?
    10·1 answer
  • what is the amount of the overall tax (corporate level + shareholder level) on the $590.000 of pre-interest expense earnings if
    15·2 answers
  • Alonzo decides to have a yard sale to sell some of his personal items. At the sale, Alonzo sells Ralph a big screen television f
    5·2 answers
  • The following costs result from the production and sale of 4,550 drum sets manufactured by Tom Thompson Company for the year end
    10·1 answer
  • The capital structure weights used in computing a company's weighted average cost of capital: Multiple Choice depend upon the fi
    13·1 answer
  • Gulph Company reported the following results from the sale of 5,000 hammers in May: sales $200,000, variable costs $120,000, fix
    6·1 answer
  • Bubba is a shrimp fisherman who could earn $5,000 as a fishing tour guide. Instead, he is a full-time shrimp fisherman. In calcu
    12·1 answer
  • A company produces a single product. Variable production costs are $13.10 per unit and variable selling and administrative expen
    9·1 answer
  • ARTICULATE THE MAJOR APPLICATIONS OF DEMAND AND SUPPLY TOOLS IN DIFFERENT TYPES OF MARKETS . REFERENCE SHOULD BE MADE TO ANY EME
    7·1 answer
  • How is this possible
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!