The gold standard of the 1900 ended the system that is known as the practice of bimetallism.
The gold standard act of the year 1900 was signed by President McKinley. This made gold to be the singular basis for the redemption of paper money in the United States.
This signing by the president was what put halt to what was regarded as bimetallism. This was the system that also allowed the use of silver also for the sake of monetary purposes.
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Answer:
its ture 100% you need food and shelter
Answer:
Bond Price = $4940.8468 rounded off to $4940.85
Explanation:
The price of a zero coupon bond is simply calculated by calculating the present value of the face value of the bond that the bond pays at maturity. The formula for the price of a zero coupon bond is,
Bond Price = Face Value / ( 1 + r )^n
Where,
- r is the rate or YTM
- n is the number of periods left to maturity
Assuming that the r or YTM is always stated in annual terms, the semi annual YTM will be 5.1% / 2 = 2.55%
Assuming semi annual compounding periods, the total number of periods or n will be,
n = 14 * 2 = 28
Bond Price = 10000 / (1 + 0.0255)^28
Bond Price = $4940.8468 rounded off to $4940.85
Answer:
Profit, $35,000
Explanation:
Economic profit or loss is defined as the difference among the revenue received from the output sale and the input costs and any kind of opportunity costs.
While computing the economic profit, the explicit as well as opportunity cost will be deducted or subtracted from the earned revenues.
So, in this case, Economic Profit or loss is computed as:
Economic Profit or loss = Costs - Revenue
where
Costs involve
= $32,000 + $408,000 + $23,000 + $32,000
= $495,000
Revenue is $460,000
Therefore,
Economic profit = $495,000 - $460,000
= $35,000
