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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.

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Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering tha
FrozenT [24]

Answer: Differentiating

Explanation:

Sprout company as described in the question are making use of product differentiation to ensure parents and children consumption needs are met. Product differentiation in marketing occurs when a company distinguishes their products to meet the needs of the different types of consumer groups available in their target market.

8 0
3 years ago
Suppose the United States can produce either 90 apples and 20 oranges or 80 apples and 30 oranges. What is the opportunity cost
Tju [1.3M]

Answer: The opportunity cost of producing 1 apple will be 1 orange.

Explanation:

Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.

In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.

This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.

5 0
3 years ago
Three years ago, Joe bought a 5-year, 10% coupon paid semiannually bond for $1000. Currently, with interest rates having risen s
ludmilkaskok [199]

Answer:

3.63%

Explanation:

Semiannual coupon payment

= $100 ÷ 2 = $50[($1,000 × 10%) ÷ 2]

The total number of compounding period = 2periods per year × 3 years = 6 periods.

By entering the following data on a financial calculator, rate is calculated as 1.81%.

Semiannual yield = 1.81%

Annual yield = 1.81% ×2 = 3.63%

3 0
3 years ago
An organization with customer-focused design with the inverted organization structure puts the empowered front-line workers at t
Aleonysh [2.5K]

Answer:

tellers at JP Morgan Chase branches.

Explanation:

The organization i.e. customer focused along with it, it is inverted organization that empowered the front line workers at the upper level of the pyramid so this organization form represent the example of the tellers at the branches of JP Morgan chase where the same thing happen

So the same is to be considered

3 0
3 years ago
Taxes on goods with ___________ demand curves will tend to raise more tax revenue for the government than taxes on goods with __
Brrunno [24]

Answer:

The answer is A

Explanation:

Taxes on goods with INELASTIC demand curves will tend to raise more tax revenue for the government than taxes on goods with ELASTIC.

Goods with inelastic demand are insensitive to price. An increase price of the goods for example from an increase in tax on the goods will have no significant effect in the quantity demanded. Consumers will still buy it with an higher. So taxing this goods is a good source of revenue for the government.

Whereas goods with elastic demand are very sensitive to rice. Any slight increase in price will result in a significant decrease in quantity demanded. So government increasing tax on this good will be bad for its tax revenue because consumers won't be it

4 0
3 years ago
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