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FrozenT [24]
2 years ago
13

In the Economic Organization of a P.O.W. Camp, what kind of currency best describes the paper currency the prisoners made? Fiat,

because it was backed by another fiat currency. Fiat, because it wasn't made up of anything that valuable. Commodity, because it was backed by a valuable good. Commodity, because paper was a valuable commodity in camp.
Business
1 answer:
Llana [10]2 years ago
5 0

Answer: Commodity, because it was backed by a valuable good.

Explanation:

In the Prisoner of War camp in question, the prisoners had come up with a trade system where they used paper money that was backed by cigarettes. This made that paper money a commodity because it was backed by a valuable good in the camp which was cigarettes.

Commodity money such as this one used to be widely used by nations as their currency would be backed by valuable metals such as gold and silver.

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lions [1.4K]

Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.

<u>Explanation:</u>

Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.

Today the popular distribution channels among businesses include:

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Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.

6 0
3 years ago
The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
sp2606 [1]

Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

Explanation:

<em>The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.</em>

The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

5 0
3 years ago
Mortagae brokers are the ones who bring the home buyers and the lenders together.<br> True / False.
Alborosie

<u>Answer:</u>

True

<u>Explanation:</u>

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6 0
3 years ago
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