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3241004551 [841]
3 years ago
14

Why is using money as a medium of exchange preferable to bartering?

Business
1 answer:
Y_Kistochka [10]3 years ago
8 0

Answer:

Money as a medium of exchange is more preferable because of its less cumbersome nature.

Explanation:

Money as a medium of exchange is more suitable because of its less cumbersome nature. Money was invented because of the inefficient nature of the barter system.

Money is easily stored compared to a barter system.

Money as a medium of exchange eliminates the barter system's problem of double coincidence of wants. Barter works when you trade things you own for things you want. If for example you want a bicycle and you own a goat, you have to look for someone who wants a goat and owns a bicycle willing to make an exchange, which can be quite difficult.

Money is an acceptable medium of exchange to all parties which makes it more preferable to bartering.

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A set of sweater prices are normally distributed with a mean of 585858 dollars and a standard deviation of 555 dollars.What prop
Mama L [17]

Answer:

Explanation:

 Mean μ = 58

standard deviation σ = 5

x₁ = 48.5 , x₂ = 60

value of t = (x₂ -  μ )/ σ

= (60 - 58) / 5 = .4

Area under normal curve = .1554

value of t = (μ -x₁)/ σ

=(58 - 48.5 )/5

= 1.9

Area under normal curve = .4713

Total area = .4713 + .1554

= .6267

= 62.67%

8 0
3 years ago
Most manufacturers of vehicles equipped with diesel engines allow what type of biodiesel?
Umnica [9.8K]
What are your options? I'd say fish oil or animal based diesel fuel. 
6 0
2 years ago
Quantitative research is most likely to be used when_________.A. the objective is to identify new ideas and thoughts for a produ
mixas84 [53]

Answer:

D. the objective is to validate relationships and test hypotheses

Explanation:

In order to test hypothesis, a branch of statistics called "inferential statistics" is needed, and statistics, as it is well known, is a branch of mathematics (of applied mathematics).

Therefore, if you want to test an hypothesis and validate a relationship, you need to run a statistical study, and that study has to be fed with quantitative data.

5 0
3 years ago
Retained earnings:
Lubov Fominskaja [6]

Answer:

1.Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

Explanation:

Retained earnings is an element of the balance sheet that represents the accumulated net income and losses and the amount paid to the shareholders over the years as dividend.

Each year, the company's net income or loss from the statement of profit or loss is posted into the retained earnings account.

It is an integral part of the owners equity along with ordinary share capital.

As such, retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

7 0
3 years ago
The appellate court decides that the trial court committed reversible error by including evidence found by law enforcement. Law
olga2289 [7]

Answer:

  1. Now that the very evidence that lead to conviction of the defendant, that person will no longer serve the sentence given as a punishment as a result of the crime committed.
  2. Yes, the defendant would be free to go for now, unless they can produce any more evidence to charge him with the crime he allegedly committed.
  3. Conventionally it would go back to the trial court until and unless specified otherwise by the judge.
  4. It could go all the way up to the supreme court depending on whether the legal counsel handling the case puts in a request for it.

Hope that answers the question, have a great day!

7 0
3 years ago
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