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7nadin3 [17]
3 years ago
11

The economic definition of money​ is:_________

Business
1 answer:
SVEN [57.7K]3 years ago
5 0

Answer:

The correct answer is option A.

Explanation:

Money can be defined as an object that is widely used as a medium of exchange in economic transactions. The primary function of money is to act as a medium of exchange for goods and services.

Other than that money also performs a number of secondary functions. It acts as a store of value, unit of account and standard of deferred payments.

Money can be of different types such as commodity money, bank money, and fiat money.

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Piper, a US citizen owns 100% of the stock of FORco, a foreign manufacturing and sales subsidiary. In 2020, FORco had $10 millio
ss7ja [257]

Answer:

$70000

Explanation:

We have been give in this question that a 100 percent of FORcos share belongs to piper. He owns a 100 percent fully. Piper has to include that which he deposited. 7 million dollars of 2 percent

= 7million dollars x 1 percent

= 7000000 x 0.01

= $70000

So piper has to include in gross income her share of FORcos f income for investment in united states property and this has been calculated as 70000

5 0
3 years ago
Kevin and Maria Rossi live in Swarthmore, PA. Maria's father, Rajiv, lives in Sweden.For each of the following transactions, ide
JulsSmile [24]

The component of the GDP includes consumption, investment, government purchases, exports, imports.

<h3>The drop-down for the given list includes:</h3>
  • The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - Government Purchase.

  • Kevin's employer upgrades all of its computer systems using U.S.-made parts. - Investment.

  • Maria gets a new video camera made in the United States. - Consumption.

  • Rajiv in Sweden orders a bottle of Vermont maple syrup from the producer's website. - Exports.

  • Kevin buys a sweater made in Guatemala. - Consumption & Imports.

Read more about GDP

<em>brainly.com/question/1383956</em>

#SPJ4

8 0
2 years ago
When you purchase an item in a store, you may be charged___?
Hoochie [10]
C. Sales Tax We are actually learning the same thing I just looked at my paper and it was correct. Hope this helps.

8 0
4 years ago
Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financia
lesya [120]

Answer:

$109,750,000

Explanation:

Note: <em>Options provided in the question belong to similar question but different numbers</em>

Deferred Tax liability = (Revenue from specific sales in 2021 - Cash received against it up to 2022) * Tax rate

Deferred Tax liability = ($621 million - $61 million - $121 million) * 25%

Deferred Tax liability = $439 million * 25%

Deferred Tax liability = $109,750,000

8 0
3 years ago
On October 15, 2019, the Department of Labor announced that the Producer Price Index (PPI) experienced an unexpected 1.1 percent
Kruka [31]

Answer:

A. We should expect higher interest rates and lower stock prices.

Explanation:

Producer price index refers to the price that producers recieve for their products. When there is an increase in PPI it means producers are receiving more revenue.

Increased revenue will result in more money in circulation. To regulate the excess money the monetary authorities will increase interest rate to reduce borrowing and by extension money in the economy.

Because there is now a need to get more funds by the companies, they will lower share prices to make them attractive to prospective investors.

5 0
3 years ago
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