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Andru [333]
3 years ago
6

One function of money is to allow comparisons between goods. For example, it would be difficult to compare "apples to oranges" i

f we could not say that apples cost $1.59 per pound, while oranges cost $0.99 per pound.
SAT
2 answers:
cluponka [151]3 years ago
7 0

Answer:True

Explanation:

jeyben [28]3 years ago
7 0

Answer:

A) medium of exchange.

B) measure of value.

C) store of value.

D) bartered item.

The answer is B. measure of value

Explanation:

Money is a measure of value. It acts as a kind of yardstick to allow for comparisons between very different kinds of goods.

You might be interested in
There are 23 countries in North America, 12 countries in South America, 47 countries in Europe, 44 countries in Asia, 54 countri
natta225 [31]

The probability for each event follows below:

P(A)= 0.23

P(E)= 0.24

P(F)= 0.28

P(N)= 0.12

P(O)= 0.07

P(S)= 0.06

<h3>Probability</h3>

Probability can be defined as the possibility that an event will occur. For an event, the probability can be found from the ratio between the number of favorable outcomes for the event and the total number of outcomes.  Values of probability vary between 0 and 1.

A probability for an event is represented by P(A), P(B), etc. And exactly this that question asks for you.

1. Arrange the text of the question

       North America=23 countries

       South America= 12 countries

       Europe=  47 countries

       Asia= 44 countries

      Africa =54 countries

      Oceania= 14 countries

2. Find the total of countries

N_{total}=23+12+47+44+54+14=194

3. Find P(A)

A= the event that a country is in Asia= 44 countries. Therefore,

P(A)=\frac{numberofcountries of Asia}{Total number of countries } \\ \\ P(A)=\frac{44}{194} =0.23\\ \\ P(A)=0.23

4. Find P(E)

E= the event that a country is in Europe= 47 countries. Therefore,

P(E)=\frac{numberofcountries of Europe}{Total number of countries } \\ \\ P(E)=\frac{47}{194} =0.24\\ \\ P(E)=0.24

5. Find P(F)

F= the event that a country is in Africa= 54 countries. Therefore,

P(F)=\frac{numberofcountries of Africa}{Total number of countries } \\ \\ P(F)=\frac{54}{194} =0.28\\ \\ P(F)=0.28

6. Find P(N)

N= the event that a country is in North America= 23 countries. Therefore,

P(N)=\frac{numberofcountries of North America}{Total number of countries } \\ \\ P(N)=\frac{23}{194} =0.12\\ \\ P(N)=0.12

7. Find P(O)

O= the event that a country is in Oceania= 14 countries. Therefore,

P(O)=\frac{numberofcountries of Oceania}{Total number of countries } \\ \\ P(O)=\frac{14}{194} =0.07\\ \\ P(O)=0.07

8. Find P(S)

S= the event that a country is in South America= 12 countries. Therefore,

P(S)=\frac{numberofcountries of South America}{Total number of countries } \\ \\ P(S)=\frac{12}{194} =0.06\\ \\ P(S)=0.06

Learn more about probability here:

brainly.com/question/19916581

7 0
2 years ago
luigi is willing to lend klaus $5,000 for one year at a nominal rate of interest of 7 percent. both luigi and klause expect the
svet-max [94.6K]

The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.

<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>

  • <em>Nominal rate = 7% </em>

  • <em>Actual rate of inflation = 1%</em>

<em>Real return = Nominal rate - Actual rate of return </em>

Real Return = 7% - 1% = 6%

Therefore, the real return on Luigi's money would be 6%

Learn more : brainly.com/question/18801159

4 0
3 years ago
Ano ang naging damdamin ni jacob nang nalaman niya ang kalagayan ni jose.
zheka24 [161]

Answer:1.naging malungkot

you got this keep trying harder

7 0
2 years ago
Help, please :) I you can explain the answer it would help me a LOT. Tanks
lesya692 [45]

Answer:

120 Mph

Explanation:

7 0
3 years ago
Read 2 more answers
What is m∠ABC? m∠ABC = 60° m∠ABC = 67° m∠ABC = 120° m∠ABC = 127°.
NNADVOKAT [17]

Answer:

mABC= 127°

Explanation:

60+67 is 127

so there ya have it

7 0
2 years ago
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