All categories

3 years ago

Clover finance wants to increase the usefulness and accessibility of

1 answer:

5 0

Based on marketing and finance information, it has been revealed that Clover finance wants to increase the usefulness and accessibility of Decentralized Finance, known as DeFi.

Clover Finance is one of the major firms in the crypto currency world. They offer services that involve a blockchain system, which is carefully formulated to create more decentralized finance operations between the Polkadot and Ethereum networks.

The purpose of decentralized finance (DeFi) is to eliminate middlemen like brokers, exchangers, or banks in the l blockchains contract.

Hence, in this case, it is concluded that the correct answer is "Decentralized Finance (DeFi).

Learn more here: brainly.com/question/15270523

You might be interested in

Maria is not a very financially literate person. in the past, she has been a victim of various forms of fraud. recently, she sig

BabaBlast [244]

Answer:

a. Mortgage fraud

b. Since Maria will not be able to make her payments, she will most likely default on her loan payments. When she defaults on her loan payments, the cost of credit rises. One can however, sue the lender for mortgage fraud. If found guilty in a court of law, they will be punished for fraud.

Explanation:

Fraud in basic terms means a deliberate omission or misrepresentation of facts for the purpose of deceives others. Mortgage fraud there for means a deliberate misrepresentation or omission of facts by a lender to a borrower with malicious financial intent to the borrowers. Any form of mortgage fraud is a criminal offense that is punishable in a court of law, since it usually involves huge amounts of money. An example is the mortgage scam that occurred in Sacramento, Calif where seven people were convicted in a $10 million mortgage scam in early 2019. Most people who fall victim to mortgage scams are not financially literate and there for they easily agree to the loan agreement without necessarily reading and understanding the loan agreement.

Financial literacy can be defined as a proficiency in financial principles like; financial planning, debt management and financial investments with the aim of being financially stable. Financial illiteracy can be defined as lacking financial principles and skills to make sound financial decisions.

In our case, Maria being financially illiterate fell victim to mortgage fraud since she signed a loan agreement that she did not quite understand. The lenders also committed a fraud since they knew that Maria did not understand the agreement but they did not educate her properly to ensure that she knew exactly what she was signing up for. This was a clear act of misrepresentation with the aim of fraud.

Since Maria will not be able to make her payments, she will most likely default on her loan payments. When she defaults on her loan payments, the cost of credit rises. One can however, sue the lender for mortgage fraud. If found guilty in a court of law, they will be punished for fraud.

8 0

3 years ago

Given a fixed supply of money and a downward sloping aggregate demand curve, an increase in money demand will ________ the price

Blizzard [7]

Money supply is the total amount of money in circulation which includes coins, cash and balance in savings account in a country at a period of time.

Given a fixed supply of money and a downward sloping aggregate demand curve, an increase in money demand will <u>not change</u> the price paid for its use, otherwise known as the <u>discount rate.</u>

A change the money supply in a country causes a change in aggregate demand.

An increase in the money supply causes increase in aggregate demand and a decrease in the money supply causes decrease in aggregate demand.

Therefore, an increase in money demand will not change the price paid for its use, otherwise known as the discount rate.

brainly.com/question/12225192

8 0

3 years ago

Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the follo

GalinKa [24]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The company's activity-based costing system has the following seven activity cost pools:

Labor-related $ 19,600 10,000 direct labor-hours

Machine-related $ 7,000 7,000 machine-hours

Machine setups $ 23,400 600 setups

Production orders $ 16,500 500 orders

Product testing $ 22,400 800 tests

Packaging $ 62,900 3,700 packages

General factory $ 60,000 10,000 direct labor-hours

Activity rate= total estimated activity cost for the period/ total amount of allocation base:

Labor-related= 19600/10000= $1.96

Machine related= 7000/7000= $1

Machine setups= 23400/ 600= $39

Production orders= 16500/500= $33

Product testing= 22400/800= $28

Packaging= 62900/3700= $17

General factory= 60000/10000= $6

7 0

3 years ago

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for Mar

torisob [31]

Answer:

To Determine

Job order costing

Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the product produced are significantly different from each other.

To record: the journal entry to record all the summarized operations.

View image for journalized entry.

5 0

3 years ago

Which type of dogs will the Easy Walk and Gentle Leader work best for

Akimi4 [234]

I THINK golden retriever

8 0

3 years ago

Read 2 more answers