Answer:
This question is incomplete, here are the missing answers:
<em>a. medium of exchange</em>
<em>b. unit of account</em>
<em>c. backed by a precious metal</em>
<em>d. store of value</em>
<u>The answer is </u><u>c.</u>
Explanation:
Money has three general functions (characteristics):
- <em>medium of exchange</em> - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.
- <em>unit of account</em> - In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.
- <em>store of value </em>- Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.
According to basic elimination, <u>c. is the correct answer</u>. Also, it is also known that <em>backing money with gold</em> or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called <em>fiat money</em>.
Answer:
AD shifts left and price level would decrease.
Explanation:
If consumer wealth decreases due to a plunge in the stock market, the AD curve will shift to the left. This is because shifts to the left of the AD curve represent a reduction in demand, and if consumers are poorer, they will naturally decrease their demand.
This will in turn reduce the price level, because in a market system, prices will fall until they meet the new, lower demand, meaning that a new equilibrium price is reached.
Answer:
approximate YTM = 7.48%
Explanation:
the approximate yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
approximate YTM = {$80 + [($1,000 - $1,050)/15]} / [($1,000 + $1,050)/2]
approximate YTM = ($80 - $3.33) / $1,025
approximate YTM = $76.67 / $1,025
approximate YTM = 0.0748 ≈ 7.48%
The scenario that illustrates a resource risk when Tracy managed a project for a publishing company is option D. The copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor.
<h3>What is
resource risk ?</h3>
A resource risk can be described as a chance that is been assumed that someone will fail to meet a goal as a result of lack of resources.
This is because the Resources can i encompass the financing, time, skilled workers and what is needed to achieve a particular goal, hence scenario that illustrates a resource risk when Tracy managed a project for a publishing company is copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor.
The option for the question are :
A. The author thought that the publishing team would create the end-of-chapter questions and answers.
B. The original estimate for binding the books was two weeks. The bindery informs Tracy that it will take three weeks to complete the binding process.
C. The professor refuses to approve the cover of the book.
D. The copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor.
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Answer:
D. a directional pattern should be evident so that readers know in what sequence to read.
Explanation:
A pattern will make our reader more focused and it will make ad effective.
