Why isn't elasticity just measured by the slope of the demand curve?

The primary difference between commodity money and fiat money is that

STatiana [176]

Answer:

Commodity money has intrinsic value whereas the fiat money does not have intrinsic value

Explanation:

Commodity market is the market which have the virtual or physical market place for trading, buying and selling of primary or raw materials. Presently, about 50 major commodity markets worldwide. And this market has intrinsic value, which means that the commodity has value though not used as money.

Fiat money is the currency created as money, usually through government regulation, and has no intrinsic value.

Therefore, the primary value is that the commodity market has intrinsic values whereas the fiat currency does not have.

4 0

3 years ago

A $1,000 par bond with a semi-annual coupon and 12 years to maturity is currently priced $880 and has a yield to maturity of 5.3

jok3333 [9.3K]

Answer:

Annual Coupon rate = 0.040005 or 4.0005% rounded off to 4.00%

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = C

Total periods (n) = 12 * 2 = 24

r or YTM = 0.0537 * 6/12 = 0.02685 or 2.685%%

The formula to calculate the price of the bonds today is attached.

We will first calculate the value of semi coupon payment made by the bond.

880 = C * [( 1 - (1+0.02685)^-24) / 0.02685] + 1000 / (1+0.02685)^24

880 = C * 17.52482779 + 529.4583737

880 - 529.4583737 = C * 17.52482779

350.5416263 / 17.52482779 = C

C = 20.0025718 rounded off to 20.00

The annual coupon payment will be = 20.0025718 * 2 = 40.00514361 rounded off to 40.01

Annual Coupon rate = 40.00514361 / 1000 = 0.040005 or 4.0005% rounded off to 4.00%

5 0

2 years ago

Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th

Mamont248 [21]

The future amount in the account (Roth IRA) is equal to: D. $180,488. 86.

<u>Given the following data:</u>

Principal = $4,291

Interest rate = 2.23%

Time = 30 years

To determine the future amount in the account:

Mathematically, the compound interest for this Roth IRA is given by the formula:

$A = \frac{P(1\;+\;r)^t -1}{r}$

<u>Where:</u>

P is the principal.

r is the interest rate.

t is the number of years.

A is the future amount.

Substituting the given parameters into the formula, we have;

$A = \frac{4291(1\;+\;0.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.93798684094 -1}{0.0223}\\\\A = \frac{4291(0.93798684094)}{0.0223}\\\\A = \frac{4024.901534474}{0.0223}$

A = $180,488.86

Read more on compound interest here: brainly.com/question/25263325

6 0

2 years ago

Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price in

swat32

Answer and Explanation:

The journal entries are shown below:

Account Receivable $409,500

To Sales Revenue $367,000

To Unearned Service Revenue $42,500

(Being account receivable is recorded)

Cost of Goods Sold $310,000

To Merchandised Inventory $310,000

(Being cost of goods sold is recorded)

These two journal entries are to be recorded

7 0

3 years ago

How would you describe Ghosn’s style of leadership?

boyakko [2]

Answer:

The leader for this situation doesn't have faith in close control of his group (ELS, 2010). Regardless of whether he is accountable for huge organizations that rely upon significant choices, Ghosn wants to permit his subordinates to set up their own timetables.

Explanation:

hope this helps, sry if it doesnt

6 0

3 years ago

Why​ isn't elasticity just measured by the slope of the demand​ curve?

Why isn't elasticity just measured by the slope of the demand curve?