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3 years ago

Why is representative money more useful than commodity money?

Business

2 answers:

love history [14]3 years ago

8 0

Representative money is portable, durable, divisible, and acceptable.

tatuchka [14]3 years ago

8 0

Before the invention of money, people exchanged the goods produced. For example, a corn producer traded with a sugar beet producer. This means that each commodity has an intrinsic value. The problem is that this value is difficult to predict. Representative money has emerged as a way of facilitating trade. Money has peculiar characteristics that differ from commodities. Money is easily carried, highly divisible and accepted by everyone. Since the creation of money, it has become easier to market goods and services.

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While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Jordan notices that the restaurant has

marysya [2.9K]

Answer:

(B). 50 cents

Explanation:

Marginal cost is the cost incurred by producing or purchasing one more unit of an item.

If Jordan buys two tacos and a medium drink, it will cost him $2 and 50 cents or 250 cents (80 + 80 + 90).

However, if he opts for the value meal of three tacos and a medium drink, that costs $3 (300 cents), then he would be purchasing one additional taco at a marginal cost of 50 cent.

Marginal cost of additional unit of taco = 300 cents - 250 cents = 50 cents.

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3 years ago

Which is typical relationship between time and interest rate

allsm [11]

One typical relationship between time and interest rate would be simple interest rate. It is the most simplest interest rate however it is not used nowadays since it does not account for all cost along the value of the money. For this relationship, interest rate is directly proportional with time.

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3 years ago

Does GAAP routinely require companies to disclosure forecasts of financial variables to external users? Indicate yes or no and e

Andrei [34K]

Answer:

No, they don´t.

Explanation:

Forecast is not required by GAAP, as the Relevance and the Faithful Representation are concepts that are not compatible with data projection. Forecast implies estimates, and subjective interpretations that do not fulfill financial statements aim and are difficult to verify.

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3 years ago

How to calculate the probablility that 2 or more people in a group have the same birthday?

Helen [10]

Check this link it should be a great help http://mathforum.org/dr.math/faq/faq.birthdayprob.html

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3 years ago

Sienna’s take home pay is $13,400. The company deducts $200 from her pay as part of her voluntary deductions. Her total tax dedu

dlinn [17]

Answer:

Gross pay= $20,000

Explanation:

She takes $ 13,400.

the company deducted $200 as voluntary deductions.

She had $13600 after paying tax 32%which is equivalent to 68%

$ %

13600 68

x 100

x= 13600*100/68= 1360000/100= $20,000

Her gross pay is $ 20,000

6 0

3 years ago