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nikdorinn [45]
3 years ago
12

Functions of money and barter

Business
1 answer:
shepuryov [24]3 years ago
7 0

Answer:

a. 9 prices

b. 9 prices

c. 225 prices

d. 225

e. 2. The fact that the government issues currency means that the currency will be accepted as money by all agents.

f. The characteristic of money that is directly negatively impacted in that economy by the rapid, ongoing increases in the cost of living is the:

3. Store of value.

Explanation:

Before the advent of money or currency, the system of exchanging goods and services between two people was the barter system.  This system relies on the exchange of goods and services that are required by one person if she can find another person who has the goods or services and is willing to accept or actually needs the goods or services that the first person has.  It was a complicated marketplace that involves locating the other party in the barter transaction.

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Question Workspace Check My Work You have savings of $100. You plan to save another $100 at the beginning of each year for 5 yea
kolezko [41]

Answer:

Total sum due after 5 years = $2,626.9

Explanation:

The sum of 100 that is invested per period(quarterly)for certain number of period is referred is referred  to as an annuity. The total sum that the investment would worth after if interest rate is compounded quarterly for the investment period is referred to as the future value of annuity.

The total sum due can be computed in two stages. The first is to determined how much the annuity investment would worth after 5 years. And the second is to determine how much the single sum of $100 would worth after 5 years.

This done as follows:

The future Value of annuity is computed using the formula below:

FV = A×( (1+r)^n - 1)/r)× (1+r)

A- periodic cash flow invested

r- interest rate per period

n- number of period

FV = future value

r= 8/4= 2%

n= 5×4= 20

FV= 100×(1.02^20 -1)/0.02)×(1.02)= 2478.3

Step 2 : The future value of the value of the Initial lump sum of $100 already existing

FV= A× (1+r)∧n

= 100×(1.02)^20 =148.59

The sum due after the end of the investment period =

2478.3 + 148.59=$2,626.9

Total sum due after 5 years = $2,626.9

7 0
3 years ago
When the cost minimizing combination of inputs is being used and there is no corner​ solution,
LenKa [72]

Answer:

A. the iso-quant line is tangent to the iso-cost line.

Explanation:

Cost minimization refers to the decrease in level of cost of production for certain specified level of production.

Iso quant line represents the labor and capital combinations keeping the total cost same. The least combination represents the tangent to isoquant, basically representing the idle choice of labor and capital.

In this manner the company chooses the idle way of cost minimization.

4 0
3 years ago
In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period,A)the
Anton [14]

Answer:

D)the second-period demand curve will shift substantially to the right.

Explanation:

If monopolist succeeds in selling a sufficiently high quantity in the first period, then in the second period it will further increase and will shift the demand curve to right hand.

3 0
4 years ago
Suppose that Denver Financial Co. expects the exchange rate of the New Zealand dollar (NZ$) to appreciate from its current level
Scrat [10]

Answer:

c. $60319000

Explanation:

My actual calculation was not exactly that number, it was NZ$60,318,000, but it is the closest option. You calculate it by multiplying the present value x (1 + interest rate) = $60,000,000 x (1 + 0.0053) = $60,000,000 x 1.0053 = $60,318,000

The question only asks to calculate the interest in NZ$, not to convert them to US$.

3 0
3 years ago
A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised
dangina [55]

Answer:

$40,160.

Explanation:

Total appraisal value = $55,500 + $50,200 + $19,300 = $125,000

Weight of land in the appraisal value = $50,200 ÷ $125,000 = 0.4016, or 40.16%

Amount to include in the accounting record = $100,000 × 40.16% = $40,160

3 0
3 years ago
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