Answer:
The Internal Rate of Return is the discount rate that discounts a series of cashflows such that the Net Present Value becomes zero.
It is calculated in the same way the NPV is calculated which is to subtract the discounted cash outflows from the discounted cash inflows but this time it will be the subject of the equation which will be equated to zero.
Formula therefore is;
Excel worksheets, financial calculators and solving the equation can all be used to find IRR.
The higher the IRR, the better for a project because it means that the project has high cash inflows that would take a higher rate to discount to zero.
The decision rule is the pick a project that has a higher IRR than the firm's Required rate of return because it means that the NPV will be more than zero.
In Ghana. In the late spring 1970 Steve Reich went to Ghana to think about drumming. With a travel concede from the Special Projects division of the Institute of International Education, he advanced toward Accra keeping in mind the end goal to think about with Gideon Alorworye, the inhabitant ace drummer of the Ghana Dance Ensemble.
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.
An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
