The U.S. fiduciary monetary system is one where money is not convertible to a valuable commodity such as gold.
Option a
<u>Explanation:
</u>
In fiduciary monetary system, the money is issued by the government and the value of the money depends uniquely on faith of the public that the currency represents command over services and goods. The word fiducia is from Latin and it means trust or confidence.
Fiduciary money includes demand deposits of banks namely checking accounts. Fiduciary money is accepted depending on the trust its issuer commands.
The fiduciary currency is supplied in the economy by Fed. Fiduciary money can be classified into two categories namely,
- Paper money - Includes all the banknotes
- Divisional currency - Includes all the coins
Answer:
Explanation:
The money spent on domestically produced final goods and services: is equal to GDP.
<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>
GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.
A rogue state is one that has unstable leadership and the policies are driven by ideologies instead of economic costs or benefits.
<h3>What is a state?</h3>
A state is a territory that belongs to one country. It is having its own government which runs that particular state or province.
A rogue state is a kind of state which is responsible for shattering and disrupting global laws and is also considered a danger to other countries or nations in the whole world. North Korea, Libya, Iran, Iraq, and Cuba are labeled as rogue states. These states are not driven by an economy and are actually driven by the ideologies developed by their presidents.
Therefore, the state is driven by ideologies instead of an economy that is considered to be a rogue state.
Learn more about the rogue state in the mentioned link:
brainly.com/question/3500231
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The answer is $100. The consumer surplus is $100 because that is the difference between what Anna has set as her ceiling for the purchase of the bicycle, $500, and then subtracted by the amount that she actually does pay, $400, that difference is what is referred to as consumer surplus. What the consumer is mentally committed to paying minus what the consumer actually pays.
Answer:
Dividend in arrears $ 1,000,000
Total Dividend $ 2,000,000
Explanation:
The dividend at 5% of $100 par value is $5 per unit of shares. Recall, each unit of the preference shares has a par value of $100
Dividend calculation = $5 multiplied by the total unit of shares
previous year shares dividend is 5 x 200, 000 unit of shares = $ 1,000,000
This year total dividend payout will be current year of $1,000,000 plus previous year of $1,000,000 = $2,000,000
