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
soldier1979 [14.2K]
3 years ago
14

You are in charge of your country's currency, which is backed by a gold standard. Unfortunately, gold production is dropping sha

rply and is not expected to recover. What is your best option?A. Borrow more gold.B. Print more currency.C. Move to fiat currency.D. Take no action.
Business
1 answer:
Dahasolnce [82]3 years ago
4 0

Answer:

C. Move to fiat currency

Explanation:

Gold Standard

Gold standard is a monetary system where the paper money issued by the government through its monetary authority must be backed a defined quantity of gold. But nations have since moved from that gold standard and to a monetary system known as  Fiat currency. under gold standard the value of money is commensurate with the value of gold backing such a currency.

Fiat currency

When monetary authority issue paper money that is not backed by gold but  with the faith of the issuing authority, such is called fiat currency or fiduciary issue. Fiduciary issues is purely based on trust in the government issuing it.

You might be interested in
Given the following data: Average operating assets $ 504,000 Total liabilities $ 23,520 Sales $ 168,000 Contribution margin $ 85
kipiarov [429]

Answer:

9%

Explanation:

According to the given situation, the solution of return on investment is shown below:-

Return on investment = (Net operating income ÷ Average operating assets) × 100

now, we will put the values into the above formula

= ($45,360 ÷ $504,000) × 100

= 0.09 × 100

= 9%

Therefore for computing the return on investment we simply applied the above formula.

7 0
3 years ago
Paul's Landscaping purchased $500 of office supplies on credit. The company's policy is to initially record prepaid and unearned
sattari [20]

Answer:

(C) Debit Office supplies, $500; credit Accounts payable, $500

Explanation:

Businesses maintain the office supplies inventory of supplies and record the supplies purchased into this account and expense it afterward with the usage of inventory. In this question offices supplies purchased will be debited to office supplies account. As it is purchased on account so it will be credited to account payable account to make a liability against the transaction.

6 0
3 years ago
The entry to record the amortization of a patent would include a debit to __________ and a credit to __________. Amortization Ex
Advocard [28]

Answer: Amortization Expense; Patents

Explanation:

The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.

The journal entry will be:

Debit Amortization expenses XX

Credit Patents XX

Therefore, the correct option is A.

6 0
3 years ago
Many economists oppose a constitutional amendment that would require a balanced budget for the federal government because it wou
masha68 [24]
False is the correct answer
8 0
3 years ago
The Conceptual Framework, ________________, reflects a centrality of affirmed principles, beliefs, and practices that guide the
Komok [63]

Answer:

Model for learning

Explanation:

4 0
3 years ago
Other questions:
  • On February 2, 2019, Alexandra purchases a personal computer. The computer cost $1,800. Alexandra uses the computer 85 percent o
    10·1 answer
  • Clayton, inc. purchased a van on january 1, 2016, for $850,000. estimated life of the van was five years, and its estimated resi
    9·1 answer
  • If Brazil gives up three automobiles for each ton of coffee it produces, while Peru gives up seven automobiles for each ton of c
    11·1 answer
  • This is a debt that will be subtracted from the balance of your account
    11·1 answer
  • ___________ is the senior-most executive in the enterprise responsible for IT vision and leadership for IT initiatives.
    5·1 answer
  • Ironhorse Tools has used $700,000 from its total annual earnings of $1,650,000 to invest in upgrading its manufacturing faciliti
    10·1 answer
  • The Sullivan Co. needs to raise $65.4 million to finance its expansion into new markets. The company will sell new shares of equ
    15·1 answer
  • The price index was 150 in the first year, 142.5 in the second year, and 138.2 in the third year. The economy experienced:______
    11·1 answer
  • city is spending $20 million on a new sewage system. The expected life of the system is 40 years, and it will have no market val
    11·1 answer
  • Highlight clues that reveal the point of view of the narrative.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!