Answer:
Debit cards are assigned to checking accounts, and since they have become more popular, the amount of currency in the economy has decreased while the amount of checking account deposits has increased.
Explanation:
Actual currency (bills and coins) and checking accounts are part of the M1 category of the money supply, since both are considered completely liquid.
ANSWER – D (put the money in a savings account regardless of
the interest, because any positive rate will reduce the negative impact of
inflation on the accumulated savings)
It is established that any positive rate (interest) on accumulated
savings, no matter how little it is, reduces the negative impact of inflation. This
means that even the minutest interest paid by a bank, though it may not
alleviate the negative impact of inflation, is still better than nothing.
Answer:
-0.523 and inelastic
Explanation:
The computation of the price elasticity of demand using mid point formula is given below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
where,
Change in quantity demanded is
= Q2 - Q1
= 150 units - 200 units
= -50 units
And, average of quantity demanded would be
= (150 units + 200 units ) ÷ 2
= 175 units
Change in price would be
= P2 - P1
= 3,500 - 2,000
= 1,500
And, average of price would be
= (3,500 + 2,000) ÷ 2
= 2750
So, after solving this, the price is -0.523
Since the price elasticity of demand is less than 1 so it would be inelastic
Answer:
Debiting the buyer and crediting the seller by $94,000
Explanation:
Since the seller listed a property for $96,000 and it sold for $94,000, so the purchase price would be selling price of the property as the property would be sold and the other person pays the money to buy the property.
So, the purchase price would appear through
Debiting the buyer and crediting the seller by $94,000
or
Buyer A/c Dr $94,000
To Seller A/c $94,000
(Being purchase of property is recorded)
Answer:
The correct answer is letter "B": less qualified workers.
Explanation:
Direct labor rate variance analyses the current cost of direct labor and the regular cost of direct labor over the same operations period. Direct labor rate variance can be caused due to minimum wage increase, hiring less qualified employees or inappropriate cost budget setting.
