The monetary supply in the United States is based on fiat money which means that it is not true that A) America's fiat money is currently backed by gold deposits at the Federal Reserve.
The American dollar is a fiat currency which means that it is not backed by any sort of mineral deposits be it gold or silver. The gold deposits at the federal reserves are therefore not used to back the dollar.
The dollar is instead backed by the U.S. government and its policies which aim to keep the American economy stable.
The<u> other options are wrong</u> because:
- It is true that the USD being legal tender means it can be used to pay for debt.
- It is also true that the demand for money increases based on the volume of transactions in the economy.
In conclusion, the U.S. Dollar is not backed by the gold deposits in the Federal reserve but rather by the American government itself.
<em>Find out more at brainly.com/question/2222040.</em>
Answer:
brainly is a app through which we can learn.
Answer:
A. Heidi submitted her request after Fay
Explanation:
Bonnie before Chac
Doug after Chad and Bonnie
Eileen before Chad and Doug
Fay before Eileen
Greg after Bonnie
Heidi after Greg
if Eileen's request was completed before Greg's:
lets call Fay's request A, Heidi's request B, Eileen's request C and Doug's request D
A before C
C before D
B after D
therefore, B after A and C
Answer:
14 points
Explanation:
The computation of the gain per share by the customer is shown below:
Gain per share = Sale proceeds of share - buying stock per share - premium received by the customer in case of the put option
= $80 per share - $70 per share - $4 per share
= $80 per share - $66 per share
= 14 points
The buying stock per share - premium received by the customer in case of the put option is also known as net cost to the customer
Therefore we simply applied the above formula
<u>Solution and Explanation:</u>
The following journal entries will be passed in the books of accounts for the amoritzation and other necessary ones.
Jan 2 Patents 376950
Cash 376950
July 1 Franchise 547200
Cash 547200
Sep 1 Research and development expense 185500
Cash 185500
2
Dec 31 Amortization expense 97025
Patents 62825 = 376950 divided by 6
Franchise 34200 = (547200 divided by 8)* (6 divided by 12)
3 Patent 314125 = 376950 minus 62825
Franchise 513000 = 547200 minus 34200