Question Completion with Options:
Money, Currency, Time Deposit
Answer:
1. Terms Definitions
Time Deposit An interest-earning deposit with a specified maturity date
Money Any good that is widely accepted for purposes of exchange
and in the repayment of debt
Currency Coins and paper money
2. The statements about the history of banks that are true:
Warehouse receipts, issued by goldsmiths were often used instead of gold itself to make payments.
Goldsmiths held deposited gold and issued receipts to their customers.
Explanation:
Banking evolved with the activities of goldsmiths who warehoused gold brought by customers for safeguarding by issuing them with warehouse receipts. Before long, the warehouse receipts were used as a means of payment (or exchange). That is, the warehouse receipts were used as currency, which is the modern-day equivalent of coins and paper money.
Answer:
The answer is option a.
Explanation:
Detailed explanation of answer is given in attached file.
Answer:
A) history repeats itself.
Explanation:
Well Chartists was a movement, which was greatly impact full and active during the period 1838 to 1848.
It basically concluded that the history repeats, there is a common pattern of each event, which eventually move around a circle, and repeats again.
Similarly in today's world also the effect and movement is actually valid, as with time the price of a commodity grows and then declines and then again grows.
As this is all about the moving cycle.
Answer:
A) Customer value-based pricing
Explanation:
In sales and marketing, price can be defined as the amount of money that is being charged by a seller for goods and services rendered to a potential customer or buyer.
Customer value-based pricing uses buyers' perceptions of what a product is worth, not the seller's cost, as the key to pricing.
Generally, a value-based pricing strategy typically begins with the manufacturer or seller assessing customer needs at a specific period of time. This ultimately implies that, a customer value-based pricing is all about the consumers of goods and services by considering their perceived benefits or satisfaction derived from the use of such products or services.
Answer: (1108.49 ; 1111.56)
Explanation:
confidence interval.
Sample mean (S) = 1110
Sample Size (N) = 1000
standard deviation (sd) = 123
confidence α= 1 - 0.95 = 0.05/2 = 0.025
Z distribution table
Zα= Z(0.025) = 0.4013
confidence interval
(S - Zα.×Sd/
; S + Zα.×Sd/)
(1110 - 0.4013×(123/
) ; 1110 + 0.4013×(123/)
(1108.491029 ; 1111.5608970091)
(1108.49 ; 1111.56)
