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4 years ago

The fixed exchange rate system was used until 1971. Question 3 options: True False

Business

2 answers:

umka21 [38]4 years ago

6 0

Answer:

True

Explanation:

The exchange rate is a system applied to a government or national bank ties the nation's monetary authority conversion standard to another nation's cash or the cost of gold.

At the point when America after war parity of installments surplus went to a shortfall during the 1950s and 1960s, the periodic conversion scale modifications allowed under the understanding eventually demonstrated lacking. In 1973, President Richard Nixon expelled the United States from the best quality level, introducing the time of coasting rates.

Monica [59]4 years ago

3 0

Answer:

It is TRUE that the fixed exchange rate system was used until 1971

Explanation:

The fixed exchange rate was used to keep the currency value within a narrow band. most industrialized nation used this fixed interest rate system until early 1970's before switching to the floating exchange rates where the prices on the FOREX market sets the value for them. although the fixed interest rate is been used by developing nations to aid exporters and importers and also to keep inflation down

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For each of the goods, classify them according to whether they are rivalrous, nonrivalrous, excludable, or nonexcludable. Rivalr

Jobisdone [24]

Answer:

1. Sports Team Shirt - Excludable / Rivalrous

2. Air we breathe - Non - Excludable / Non - Rivalrous

3. Atlantic Bluefin Tuna - Non -Excludable / Rivalrous

4. A Toll Road - Excludable / Non - Rivalrous

Explanation:

A rivalrous good is one in which usage, by an individual limits the ability of another to use the same good. Rival goods are tangible. This means that they can be held or touched. Examples in this category are; A sports team shirt and, the Atlantic Blue Fin Tuna. Eating a Tuna would limit access to another person, who wants to eat Tuna at that point in time. The same would apply to wearing a sports shirt.

A Non - Rivalrous good is one in which usage by an individual does not limit consumption by another. Most non - tangible goods are non -

rivalrous. Examples in this category are; the air we breathe, and the Toll Road. Almost anyone can access these.

Excludable goods are only used after payment for them has been made. Examples are the Toll Road and the Sports Team Shirt.

Non - Excludable goods can be used even when payment has not been made. Examples are Air and The Atlantic Blue Fin Tuna which anyone can access.

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3 years ago

7. In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be

kramer

Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.

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3 years ago

The same amount of principal is invested in different accounts earning the same interest rate. Which of the following accounts w

Sophie [7]

D.) An account earning interest compounded daily.

This is the account that would have the greatest accumulated value at the end of one year.

Let us assume the following figures.
Principal = 1,000
Interest rate = 12% p.a.
Term 1 year

a) account earning no interest = 1,000
b) account earning simple interest
S.I. = 1,000 x 12% x 1 = 120
Balance = 1000 + 120= 1,120
c) account earning interest compounded annually
FV = 1,000 (1+.12)¹
FV = 1,000 (1.12)
FV = 1,120
d) account compounded daily
FV = 1,000 (1 + .12/365)³⁶⁵
FV = 1,000 (1 + 0.00033)³⁶⁵
FV = 1,000 (1.00033)³⁶⁵
FV = 1,000 (1.128)
FV = 1,128

6 0

3 years ago

Read 2 more answers

The UCC rule that says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a sep

makvit [3.9K]

The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the Firm Offer Rule.

<h3>A Firm Offer: What Is It?</h3>

When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.

For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.

Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.

Learn more about the firm offer rule with the help of the given link:

brainly.com/question/13640672?referrer=searchResults

#SPJ4

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2 years ago

Jay-cee corporation had 20,000 shares of $4 par value common stock outstanding on january 1. on january 20, the company purchase

Tatiana [17]

19000 x 5 = $95,000 total to common

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3 years ago