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
user100 [1]
3 years ago
12

n 2010, Tara used $50,000 from funds she had invested in certificates of deposit as a down payment to buy a house. What function

did this portion of her investments serve when she made the down payment?
Business
1 answer:
yuradex [85]3 years ago
3 0

Answer:

Medium of Exchange

Explanation:

A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.

A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.

Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.

You might be interested in
How did the relationship between Parliament and the Restoration monarchs, Charles II and James II, change following the English
Tatiana [17]

Answer:

The monarchs continued to challenge Parliament's authority.

Explanation:

Following the English Civil War, tensions between the monarchs and Parliament began to grow. Queen Elizabeth did not leave any heir, therefore, James I began the Stuart Dynasty. James I believed in Divine Rule, which was in oppose of Queen Elizabeth's rule who worked with Parliament.

After the English Civil War, the monarchs continues to challenge Parliament's authority. During Restoration monarchs, Charles II and James II, Parliament and monarchs were in conflict with each other.

Therefore, option C is correct.

4 0
2 years ago
Read 2 more answers
General Motors increases the price of a model car produced exclusively for export to Europe. Which U.S. price index is affected?
alexira [117]

Answer: The GDP deflator

Explanation: The GDP(gross domestic product) deflator is a price index that is used to measure the prices of all the goods and services produced within an economy. The cars which are exported by General Motors are produced domestically within the United States of America and exported outside the country.

Any goods produced externally are not considered when determining the GDP deflator.

4 0
3 years ago
A benefit of earning a salary instead of an hourly wage is
SCORPION-xisa [38]

B

Explanation:

An hourly wage is unfixed and can change depending on your ability but a salary doesn't change and ensures a continuous income

5 0
3 years ago
Read 2 more answers
To provide external shareholders with relevant, reliable, consistent, and comparable financial information, the accounting profe
masha68 [24]

Answer:

<u>Generally accepted accounting principles</u>

Explanation:

Generally accepted accounting principles abbreviated as GAAPs , refer to set of accounting rules and principles to ensure clarity, consistency of reported information and to enhance reliability and comparability of accounting information.

GAAPs were prescribed by Financial Accounting Standard Board (FASB) of the United States. The accountants of public companies in United States are supposed to abide by GAAP principles while compiling accounts and preparing financial statements.

Thus, GAAPs lay emphasis upon presenting financial information which is relevant to the shareholders, which is true and can be relied upon , which is consistent and which can be compared to deduce past trends and for forming opinions and arriving at conclusions.

6 0
3 years ago
The field of artificial intelligence, which would not be possible without database technology, includes all but which one of the
PolarNik [594]
I don’t know okay sorry
6 0
3 years ago
Other questions:
  • On January 1, 2013, Deuce Inc. acquired 15% of Wiz Co.'s outstanding common stock for $62,400 and categorized the investment as
    9·1 answer
  • A new shop wants to sell Muffins, the sell price is 2.5 dollars per unit. The cost for production is 1 dollar per unit. At the f
    10·1 answer
  • Homeyer Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 71 Manu
    10·1 answer
  • Equipment originally costing $65,000 has accumulated depreciation of $25,000. If the equipment is sold for $30,000, the company
    11·1 answer
  • According to the Partnership for 21st Century Learning, what are three critical skill sets that modern employers look for in emp
    13·2 answers
  • What change is taking place on this graph?
    10·2 answers
  • Nash Corporation had income from continuing operations of $10,813,600 in 2020. During 2020, it disposed of its restaurant divisi
    6·1 answer
  • List THREE common aptitudes, attitudes, and skills of personal care services workers.
    14·1 answer
  • An individual wishes to deposit an amount of money now and $100 every year so that at the end of 10 years $1,500 will have been
    12·1 answer
  • A large office supply company sells many of its consumer products over the Internet. This is
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!