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dimulka [17.4K]
3 years ago
10

After World War II, cigarettes were used as money in Germany. This is an example of:________.

Business
1 answer:
Paladinen [302]3 years ago
7 0

Answer: Commodity Money

Explanation:

Commodity money is used to describe goods that have an intrinsic value that enable them to be used as a medium of exchange for goods and services. For a good to be used as commodity money, it should be rare and easily exchangeable.

Examples of goods that have been and can be used as commodity money include gold, silver, alcohol and cigarettes with cigarettes being especially popular in prison.

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Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc
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Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.

Explanation:

  • people will pay for the snowboards is $129.99.
  • Ski Market is convinced that it needs a 45%
  • The most that Ski Market can pay to its supplier for the snowboard is
  • = \frac{129.99}{100}×45
  • =$ 58.5
  • =129.99 ±58.5
  • = $71.49
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There is no excerpt attached but this should be the answer.

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