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2 years ago

What is not considered a characteristic of the money supply in the United States?

1 answer:

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The monetary supply in the United States is based on fiat money which means that it is not true that A) America's fiat money is currently backed by gold deposits at the Federal Reserve.

The American dollar is a fiat currency which means that it is not backed by any sort of mineral deposits be it gold or silver. The gold deposits at the federal reserves are therefore not used to back the dollar.

The dollar is instead backed by the U.S. government and its policies which aim to keep the American economy stable.

The<u> other options are wrong</u> because:

It is true that the USD being legal tender means it can be used to pay for debt.
It is also true that the demand for money increases based on the volume of transactions in the economy.

In conclusion, the U.S. Dollar is not backed by the gold deposits in the Federal reserve but rather by the American government itself.

<em>Find out more at brainly.com/question/2222040.</em>

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A. Following are the transactions of a new company called Pose-for-Pics.

stich3 [128]

Answer:

The August 31 trial balance is a debit and credit amount of $16,986

Explanation:

The journal entries for the following transactions is as follows;

General Journal Debit Credit

1. Cash $6,500

Photography equipment $33,500

Common stock $40,000

2. Prepaid insurance $2,100

Cash $2,100

3. Office supplies $880

Cash $880

4. Cash $3,331

Photography fees $3,331

5. Utilities expense $675

Cash $675

August 31 trial balance $16,986 $16,986

The August 31 trial balance is a debit and credit amount of $16,986

4 0

3 years ago

The campus bookstore sells a campus mug for $10. When you buy a second campus mug, however, its price is only $6. How does t

masya89 [10]

Answer:

Marginal utility is the benefit of consuming additional unit of a product and it is inversely proportional to price.

Explanation:

Utility is the satisfaction derived from consuming a particular product.

As consumption continues, marginal utility is the benefit of consuming additional units of the product. Marginal utility reduces as consumption increases.

So the consumer is less willing to buy at current price. However the consumer will be more willing to buy more at a reduced price.

The campus bookstore is using the knowledge of this by selling the first mu for $10 and subsequent one for $6. The consumer will still be willing to buy at the reduced price.

5 0

3 years ago

Etta wants to make a monthly budget. What should she do first?

lozanna [386]

The answer is C because she wants to have a monthly budget

7 0

3 years ago

Wind damage occurs to your car costing $800 to repair. If you have a $500 deductible for collision and full coverage for compreh

Igoryamba

Answer:

$300

Explanation:

Deductible referred to as the amount paid from one's pocket to join the amount of one's loss, while the insurance company balance up the remaining.

The loss which is $800 is a little bit more than deductibles.

Damage=$800

Deductibles=$500

The damages is just $300 more than deductibles.

As stated in the question there is a collision and comprehensive insurance for the driver , therefore the driver will pay $500 from his own pocket.

THE PORTION OF CLAIM THE INSURANCE COMPANY PAY =($800-$500)=$300

$300 will only be received from the company.

In Higher deductibles the premium insurance is reduced in cost.

In lower deductibles there is higher premium but with the cost from one's pocket is low.

Deductible has influence on

one's claim.

Comprehensive insurance is one of automobile insurance,it covers damages or event that occurs to a car that is out of one's control.It covers for replacement or repairment of one's car if damaged by something or to repair bit, other a collision.

Comprehensive insurance can cover up for

theft ,natural disasters or from fire incident.

5 0

3 years ago

Read 2 more answers

The ending balance of accounts receivable was $74,000. Sales, adjusted to a cash basis using the direct method on the statement

denpristay [2]

Answer:

The beginning balance in accounts receivable was: $47,500

Explanation:

Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.

Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $359,000. The company collected $359,000 from the sales. Accounts receivable decreased of $359,000 during the period.

The beginning balance in accounts receivable = The ending balance of accounts receivable + Accounts receivable decreased during the period - Accounts receivable increased during the period = $74,000 + $359,000 - $385,500 = $47,500

5 0

3 years ago