Flat money, commodity money, the gold standard and representative money is the money that would have the least value if people lost confidence in the government. Flat money is the currency that the government has declared as legal tender but it is not backed by a physical commodity. Representative money is any money that its face value is greater than its actual value. Commodity money is money whose value comes from the commodity in which it is made of. The gold standard is economic unit of account which is based on the fied amount of gold.
Answer:
d.
Explanation:
Based on the information provided within the question it can be said that it is important to check this information because there may have been additional investments made during the year reflected in the balance. Therefore without knowledge of these investments the final balance may seem incorrect in the eyes of the accountant.
<span>Short-run market supply and market demand determine the market price and output.
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Answer: A bilateral contract. Option A.
Explanation: A bilateral contract is one in which both parties are bound by their promise to fulfill their side of the bargain.
Therefore by Jackson and Casey agreeing to meet to exchange book for money, they have formed a bilateral contract, because each of them has agreed to fulfill his end of the bargain.
Answer:
Consider the following calculations
Explanation:
Month 3: $36,000 + (0.5 × $180,000) + (0.3 × $210,000) + (0.2 × $190,000) = $227,000
Month 4: $32,000 + (0.5 × $160,000) + (0.3 × $180,000) + (0.2 × $210,000) = $208,000
