Answer:
Explanation:
Supply Price Demand
300 $15.00 100
240 12.00 160
180 9.00 220
160 8.00 240
100 5.00 300
40 2.00 360
20 0 (free) 400
A. What is the equilibrium price of pizza? You should graph the two curves to see whe
Answer:
A. Fiat money.
Explanation:
Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it as is the case for commodity money. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.
Answer:
5. 11.1%
Explanation:
the options for this question are missing:
- 5%
- 7.8%
- 10%
- 10.5%
- 11.1%
I prepared the following equation:
$100,000 = $45,000(1 + i)³ + x(1 + i)⁵
There is something that we must remember about zero coupon bonds, and that is that they are sold in thousands. This equation is complex, but there is an easier way to solve it. We can plug in the options to determine which % will result in a possible answer.
The answer is 11.1%, since the other options resulted in numbers which are not even close to a thousand.
$100,000 = $45,000(1.111)³ + x(1.111)⁵
$100,000 = $61,709.88 + 1.2763x
$38,290.12 = 1.2763x
x = $38,290.12 / 1.2763 = $30,000