1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yKpoI14uk [10]
3 years ago
6

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

Business
2 answers:
PilotLPTM [1.2K]3 years ago
4 0

Answer:

True

Explanation:

The fixed exchange rate came to an end in 1971 in the US.

Before 1971, the US currency value was tied to an ounce of gold. In 1971 the US economy was undergoing a recession. The US authorities bought all the gold value backing the dollar to end the recession.  The dollar became a fiat currency.

The year also marked the beginning of the floating exchange system for the dollar.  

GarryVolchara [31]3 years ago
3 0

The answer is True :)

You might be interested in
E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first di
Sever21 [200]

Answer:

You would pay approximately $35.00 today

Explanation:

The cost of the stock at the beginning of the year 20

= 20/9.75%

= 20/0.0975

= 205.13 dollars

We find the current price of the stock

= Fv/(1+r)^n

= 205.13/(1+9.75%)¹⁹

= 205.13/1.0975¹⁹

= 205.13/5.86

= $35.00

From this calculation you have to pay 35 Dollars today.

5 0
3 years ago
Compute the payback for each of these two seperate investments:
fredd [130]

Answer:

a. 2.23

b. 3.21

Explanation:

a. Answer to Part A

Payback Period = Investment / Annual Cash Inflow

= 250000 / 112115

= 2.23

Answer to Part B

Payback Period = Investment / Annual Cash Inflow

= 200000 / 62375

= 3.21

Working Note

<em>Particulars                Case A     Case B </em>

After Tax Income  72115         39000

Add: Depreciation  40000       23375

Cash Inflow             11,2115         62375

<em>Particulars              Case A           Case B </em>

Cost of Machine     250000        200000

Less: salvage Value  10000         13000

Depreciable Value   240000        187000

Life of the Asset           6                  8

Annual Depreciation 40000         23375

8 0
3 years ago
PLEASE HELP! IN A TEST! A salesperson may sell from a distance except when it involves _____.
julia-pushkina [17]

Answer: B.) Contacting people who have opted out of receiving sales messages

Explanation:

A p E x

8 0
3 years ago
Eumi is a purchasing manager for the XYZ Company. She has some latitude when it comes to making purchasing decisions. She is buy
max2010maxim [7]

Answer:

Ethical Dilemma

Explanation:

According to my research on different managerial roles and responsibilities, I can say that based on the information provided within the question Eumi is experiencing an Ethical Dilemma. This is because like mentioned in the question Eumi can either choose the morally right option which is choosing the more expensive safer product, or choosing the less safe - less expensive option which will increase her bonus, which would be ethically wrong.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
You have taken a job in industry and are facing your first ordering decision. As you prepare to place the order, you remember yo
skelet666 [1.2K]

Answer:

The formula is not used if consumer demand and ordering and holding costs are not constant.

Explanation:

E.O.Q formula measures the ideal quantity of order a company should purchase in order to minimize its inventory costs, such as holding costs and shortage costs. The formula, however has its limitations, in a way that it assumes that the costumer demand is constant and ordering and holding costs remain constant. This makes formula hard to use in case of seasonal changes of demand, inventory costs or lost sales revenue due to inventory shortages.

7 0
3 years ago
Other questions:
  • Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodi
    12·1 answer
  • 9. Gallagher is planning on
    12·1 answer
  • What is the difference between liquid and illiquid assets?
    13·2 answers
  • The FIFO method provides a major advantage over the weighted-average method in that: A. the calculation of equivalent units is l
    14·1 answer
  • True or False.
    14·1 answer
  • What does the government have to do with public sector ?
    15·1 answer
  • प्रबंध की विशेषताएं क्या है?​
    13·2 answers
  • What part of the promotional campaign should change across different<br> promotional materials?
    6·1 answer
  • Ross Wrigley refuses to buy the Billy Goat brand of beer. His attitude toward this brand is called
    14·1 answer
  • How do you redeem a <br> lottery tickets
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!