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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.

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Economically valuable materials such as diamonds, tin, and platinum are associated with which ocean floor resource?
solmaris [256]
<span>Economically valuable materials such as diamonds, tin, and platinum are associated with sand and gravel.
There is no way that oil and natural gas, evaporative salts, and manganese nodules affect the creation of diamonds, platinum and tin, whereas sand and gravel do. The formation of sand and gravel is quite important for the "birth" of these materials, given that they need suitable conditions to form.
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3 0
3 years ago
Read 2 more answers
Calculate the net asset value of an ETF with portfolio holdings equal to $100 per share in market value and an expense ratio of
asambeis [7]

Answer:

Net Asset Value of ETF = $99.75

Explanation:

Net asset value of an ETF

  • The net asset value of an ETF represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
  • ETFs calculate the NAV at 4:00 p.m. Eastern Time after the markets close.
  • The NAV is used to compare the performance of different funds, as well as for accounting purposes.
  • The ETF also releases its current daily holdings, amount of cash, outstanding shares, and accrued dividends, if applicable.
  • For investors, ETFs have the advantage of being more transparent. Mutual funds and closed-end funds do not have to disclose their daily holdings.
  • In fact, mutual funds usually disclose their holdings only quarterly.

<u>Calculation</u>

Market Value per share = $100

Expense Ratio = 0.25%

Net Asset Value = Market Value per share * (1 - Expense Ratio)

Net Asset Value = $100 * (1 - 0.0025)

Net Asset Value = $100 * 0.9975

Net Asset Value = $99.75

4 0
3 years ago
Lily's taxable income before these transactions is $160,500. what are lily's taxable income and tax liability for the year? use
Gennadij [26K]
<span>The tax rate on $160,500 is 25%. So you will have to convert 25% to a decimal which is .25. You then take .25 and multiply it by 160500. The answer is 40125, then you subtract that by 160500 and get 120375. That is her taxable income and liability.</span>
4 0
3 years ago
Generating ideas often includes brainstorming or brainwriting. These techniques can be an effective way to produce the best idea
Lady bird [3.3K]

Answer:

1- a. Use flip-charts and classify ideas.

2) a. Crowd-storming.

Explanation:

1- To improve the group's brainstorm, Jeanne should use flipcharts and classify ideas.

Flipcharts is a whiteboard used as a visual resource, which allows the best visualization of graphics, new ideas, etc., in a dynamic and summarized way, since this visual resource attracts attention, records and helps in the fixing of content and central ideals.

2- The situation represents crowdstorming, which is a marketing strategy used when an organization wants to improve the services and products offered through interaction with groups of employees who can even be consumers, as in the case above.

This strategy helps in better brand positioning, by receiving direct feedbacks from the potential public, which helps in better meeting their wants and needs.

6 0
3 years ago
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000
Sedaia [141]

Answer:

$75,000

Explanation:

Given that,

Unit selling price = $50

Unit variable costs = $35

Fixed costs = $125,000

current sales = 10,000 units

Contribution margin per unit:

= Selling price per unit - unit variable costs

= $50 - $35

= $15

Change in Operating income if sales increase by 5,000 units:

= Increase in sales × Contribution margin per unit

= 5,000 units × $15

= $75,000

3 0
3 years ago
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