All categories

2 years ago

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

Business

1 answer:

Paladinen [302]2 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.

You might be interested in

When a commercial bank borrows additional reserves from another bank, it pays which interest rate?

oksano4ka [1.4K]

Answer:

Federal funds rate

Explanation:

Federal funds rate can be described as a target interest rate which is set by the Federal Open Market Committee (FOMC) and it is the interest rate at which excess reserves of commercial banks are lent to and borrowed from each other overnight.

The law requires that commercial banks must maintain certain percentage of their deposits in their account with Federal Reserve bank as a reserve. When there is an excess of money above the required level in the reserve of some banks, the excess can be lent by those banks to other banks that have shortfalls. The interest rate that is paid by the borrowing banks is the federal fund rate.

8 0

2 years ago

Read 2 more answers

RL Photography reported net income of $122,700 for 2014. Included in the income statement were depreciation expense of $7,730, p

jeka57 [31]

Answer:

$142,209

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $122,700

Adjustment made:

Add : Depreciation expense $7,730

Add: Patent amortization expense $4,908

Less: Gain on disposal of plant assets -$4,417

Add: Decrease in accounts receivable $7,362 ($25,767 - $33,129)

Add: Increase in accounts payable $3,926 ($11,288 - $7,362)

Total of Adjustments $19,509

Net Cash flow from Operating activities $142,209

6 0

2 years ago

Using the continuous-debt method of setting your debt limit, you should be able get completely out of debt (other than your mort

Vlada [557]

At least once every 5 years.

5 0

2 years ago

An increase in the current account deficit will place _______ pressure on the home currency value, other things equal.

Sindrei [870]

When there is an increase in the deficit of the current account, the pressure on the home currency value all things equal would be a downward pressure.

<h3>What happens when there is a current account deficit?</h3>

A current account deficit means that the country is earning less from exporting goods to other countries than it is losing from importing from other nations.

What this means is that more money is flowing out of the country than the money that is coming in. What this leads to a loss in currency value because it points to less demand for the home currency.

This is because the deficit would place a downward pressure on the local currency. On the upside, this decrease in currency value might spur exports which would lead to a better current account balance.

In conclusion, there will be downward pressure.

Find out more on the current account at brainly.com/question/22333470

#SPJ1

4 0

1 year ago

A music school has budgeted to purchase three musical instruments. they plan to purchase a piano costing $3,000, a guitar costin

daser333 [38]

Assuming the costs are normally distributed, then Z = (X-mu)/sigma

For piano Z= (3000-4000)/2500 = -0.4

For guitar Z= (550-500)/200 = 0.25

For drums set Z= (600-700)/100 = -1

Drums set < Piano < Guitar

Drums cost is lowest when compared to the instruments of same type .

Guitar cost is highest when compared to the instruments of same type.

8 0

2 years ago