1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Illusion [34]
3 years ago
5

Explain why it is not necessary for paper money to be backed by some commodity (eg gold) before it can have value?

Business
1 answer:
Hoochie [10]3 years ago
7 0

Explanation:

Paper money also called fiat currency is usually not backed up with a physical commodity because it is regulated by the central bank.

It effect the Government creates money supply just by signing out the directives through liquidation. The government thus maintains the value by making it the <em>standard for debt repayment</em>.

For example, the US dollars which is a paper or fiat currency would have no value if was not made a means of payment the Government.

You might be interested in
Which account will appear in the sales ledger?
lara [203]

Answer:

A- Gill, a credit customer

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.

Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.

This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.

Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.

6 0
2 years ago
A merchandiser:A merchandiser:
Papessa [141]

Answer:

A.Earns net income by buying and selling merchandise.

Explanation:

Merchandiser is a organization or individual which supplies and promotes products to the consumers. Merchandisers buy the merchandise from manufacturer and display it on their place to sale it. The Net value of Purchase price and Selling price is their return. So, They earn the net income from buying and selling of product.

6 0
3 years ago
Help!!
11Alexandr11 [23.1K]

Answer:

-Checking accounts almost never generate interest.

-It's much easier to spend money from a checking account.

have a nice day!

4 0
3 years ago
Caroline's Jewelry and Gifts is located between a hardware store and a sports bar. While her target market is adult women of med
zhannawk [14.2K]
I would say A: Men who want to buy gifts. 
5 0
3 years ago
Read 2 more answers
Recently, Verizon Wireless ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selec
Anettt [7]

Answer:Yes, the Manager made an error.

Explanation:

Increasing the revenue of a firm depends on two factors which are price and effective demand. An increase in price without a fall in demand will increase revenue, an increase in demand without a fall in price will equally increase revenue.

However when manipulating price only in order to increase revenue care must be taken to ensure same or higher level of demand for an increase in price which lead to a fall in demand may boomerang for the firm.

E.g

Year. $ Price. Demand. Revenue$

1. 5. 100. 500

2. 6. 80. 480

The above illustrate an increase in price without a rise or maintaining the same level of demand leads fall in revenue.

8 0
3 years ago
Other questions:
  • A person is overweight (350 pounds) and desires to lose 10% of his body weight over 6 months. what is the total kcalorie intake
    13·1 answer
  • What determines the color or a translucent object
    7·2 answers
  • Which type of intellectual property can protect your company's logo?
    7·2 answers
  • In the management hierarchy _____ includes managers who set the overall direction of a firm, articulating a vision, establishing
    7·1 answer
  • Research Hershey's organizational chart and organizational structure. Type a one page paper describing Hershey's organizational
    11·1 answer
  • + An e-commerce company spends a lot of money on product replacement, as customers often complain about the products they receiv
    12·1 answer
  • Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is budgeted at $750,000 for the year
    15·1 answer
  • Bill purchased 2,000 shares of stock for $22 per share. He sold them for $33. Express his capital gain to the nearest tenth of a
    6·1 answer
  • 1. In your opinion, what do you think are the common thing that is found in all the elasticity
    7·1 answer
  • At a profit-maximizing output level, marginal revenue minus:_____
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!