Answer: Vested
Explanation: In simple words, vested refers to the right of possessing an asset or such in future which is secured by law and no third party can take away that right without the permission of the vested party.
The asset vested belongs to some other party but remains secured in the possession of some other party for a specified period of time. In the given case, Kimberly has been informed that so many years she will get her retirement pay.
Hence we can conclude that her retirement pay is vested.
How much could the Simpsons receive on a home equity line of credit on their home with a market value of $225,000 and their equity of $60,000 with having an outstanding mortgage of $125,000 (consider 80% LTV) ?
Answer:
$55,000
Explanation:
The Simpsons could potentially receive up to $55,000 from a home equity line of credit, calculated by taking 80% of the home's value ($180,000) and subtracting the outstanding mortgage amount ($125,000).
Explanation:The Simpsons want to calculate how much they could receive from a home equity line of credit (HELOC) on their home valued at $225,000 with an equity of $60,000 and an outstanding mortgage of $125,000, considering an 80% loan-to-value (LTV) ratio.
First, we calculate the maximum loan amount based on the home's market value:
80% of $225,000 (market value) = 0.80 × $225,000 = $180,000.
Then, we subtract the amount owed on the mortgage to determine the potential credit line:
$180,000 (80% LTV) - $125,000 (outstanding mortgage) = $55,000.
Therefore, the Simpsons could potentially receive up to $55,000 from a HELOC.
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What is the definition of supply-side fiscal policy?Click or tap a choice to answer the question.fiscal policy that minimizes cyclical upturns and downturns in the economyfiscal policy that emphasizes tax cuts rather than government spendingfiscal policy aimed at impacting long-run aggregate supply rather than aggregate demandfiscal policy that taxes higher-income workers at a higher percentage rate than lower-income ones
Answer:
fiscal policy aimed at impacting long run aggregate supply rather than aggregate demand
Explanation:
Supply-side fiscal policy is a strategy involving government taxation and spending aimed at influencing the productive capacity of the economy. It mainly focuses on long-term aggregate supply by encouraging business investments and enhancing worker productivity. A prime example is a fiscal policy that emphasizes tax cuts.
Explanation:In economics, Supply-side fiscal policy refers to the strategies that influence the economy's productive capacity through government taxation and spending. The supply-side policy primarily focuses on enhancing long-term aggregate supply, emphasizing methods such as tax cuts and investments geared towards businesses to improve productivity and stimulate economic growth. These strategies result in regular shifts to the right of the aggregate supply curves, facilitating growth in the quality and quantity of resources over time as the population grows, businesses invest in new capital, and technology improves. It is different from demand-side fiscal policy, which aims at impacting aggregate demand instead.
In this regard, a fiscal policy that emphasizes tax cuts rather than government spending would accurately describe the concept of supply-side fiscal policy. Policies favoring tax reductions can lead to higher business investment, improved worker productivity, and in the long run, increased economic growth.
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Concert promoters still sometimes hire persons to count or photograph how many persons enter a venue or fill the seats inside in order to make their own estimate of ticket sales to compare with counts from the venue. True or false?
The given statement, "Concert promoters still sometimes hire persons to count or photograph how many persons enter a venue or fill the seats inside in order to make their own estimate of ticket sales to compare with counts from the venue" is TRUE .
Explanation:
Concert promoters plan and host live music concerts, taking good care of everything from the setting of the price of tickets and the promotion of performances.
Fan customs differ depending on the city. Many fans will buy tickets within a few days or even allow walking on the same day that a concert is performed.
It can be difficult later to track payments to tickets sold for money, therefore an audience will always be undercounting.
In these cases, the venue might shorten the developer or the promoter might shorten the artist. In order to generate a separate crowd size estimate, some developers place hired people at the main gate of the event to count the public as they stream or photograph the crowd in their seats.
Final answer:
Concert promoters sometimes hire individuals to count or photograph attendees to compare with venue counts. This method of cross-verification ensures accuracy in reported attendance and reflects practices around ticket sales, demand, and pricing strategies. The correct statement is true.
Explanation:
The statement that concert promoters still sometimes hire people to count or photograph attendees to make their own estimate of ticket sales is true. This practice can serve as a method of cross-verification against the venue's counts and is used to prevent discrepancies in ticket sales, ensuring transparency and accuracy in reported attendance numbers. Considering the unique nature of each ticket at events where attendance is tracked meticulously, promoters and event organizers take these measures to reconcile ticket sales and actual attendance. This ensures the financial integrity of the event, especially considering factors like the inelastic demand for tickets for bands with fanatical followings, where even high ticket prices do not deter fans from attending their concerts. However, promoters and bands may sometimes set ticket prices below the maximum possible to maintain goodwill among fans, encouraging them to spend more on merchandise and other ancillary items.
After the civil war the supreme court tended to view economic regulation as something that
Answer:
attacked or assaulted property rights.
Explanation:
After the civil war, the supreme court held the idea that any government regulation (especially economic regulation) denied private businesses of their property rights and liberties, which constituted a violation of the Fourteenth Amendment. The Fourteenth Amendment guaranteed equal and legal rights to all US citizens (businesses were included as citizens) and guaranteed that no government (state or federal) shall deny any citizen of life, liberty, or property without due process of law.
We have to remember that these were sensible times and the supreme court tried to protect the newly given rights specially to African Americans, but sometimes business people are very capable of using ideological trends in their favor.
Considering high achievers, which situation is likely to have the greatest effect on achievement behavior?
A) 10% chance of success
B) 25% chance of success
C) 50% chance of success
D) 75% chance of success
E) 100% chance of success
Answer: 50% chance of success.
Explanation:
A high achievers most times isn't very sure of the outcome of an event, but when there is 50% chance of him achieving his goal, he takes the move and ensures to give in his best while hoping for the best. The ability to take a risk in the midst of uncertainty separates a low achiever from a high achiever. As high achievers are able to take wise risks when the need demands.
Unlike leaders, managers: Question 15 options: inspire and motivate others to find their own solutions. are concerned with control and limiting the choices of others. are more concerned with what work gets done. focus on vision, mission, goals, and objectives.
Answer: are more concerned with what work gets done.
Explanation: In simple words, leadership refers to the process of motivating and influencing others to work for the achievement of common goals. However, management refers to eh processes under which an individual plans, directs and monitors the activity of others for the achievement of goals.
Managers belongs to the business activity but leaders could be working for non benefiting activities. Every leaders is manager but not every manager is a leader
Hence leaders tries to overall develop their followers while managers use their subordinates as the resource for wetting the work done.
Managers focus on task completion and maintaining the status quo in the organization. They practice transactional leadership, focused on systems of rewards and punishments to achieve organizational goals. Leaders, especially transformational ones, inspire and motivate others, fostering critical thinking, and emphasizing vision and mission.
Explanation:Unlike leaders, managers are often more goal-oriented and mainly concerned with ensuring tasks and jobs are completed efficiently. This style of leadership is often called transactional leadership, which focuses on supervision, organizational goals, and achieving these through systems of rewards and punishments. Managers essentially maintain the status quo and are more focused on what work gets done, rather than inspiring and motivating others to find their own solutions.
Transformational leaders, on the other hand, tend to lead in an expressive way, promoting emotional health and ensuring people feel supported. They encourage critical thinking and problem solving, and are charismatic and inspirational. They focus on vision, mission, goals, and objectives and inspire others to do the same.
Of course, these are generalizations and many individuals embody both transactional and transformational characteristics in their leadership or management roles depending on the circumstances.
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Garments that are sewn overseas are shipped in containers to the Port of Seattle. These containers are then loaded on rail to major centers in the United States only to be unloaded onto semi trucks for delivery to the appropriate store. This transportation solution is commonly referred to as___________.
Answer: Multi-modal
Explanation:
The multi-modal is one of the type of communication that mainly focus on the contractual arrangement.
The multi-model is the type of shipment mode in which the shipment of products and the services are transport from one form to another by using the shipping container.
The mode of the transportation is usually the rails and the roads. In the given situation, the given transportation solution is basically refers to the multi-modal.
__________ is a form of warehousing that combines classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment.
a) postponement
b) a hub-and-spoke system
c) assortment
d) spot stock
Answer:
Postponement warehousing,
Explanation:
Postponement warehousing, is form of warehousing that combines classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment.
hub and spoke, consists of one hub (central location), at which the warehouse is located and it is transported to different locations through routes called spokes.
assortment is a form of warehouse in which a wide array of goods are held close to the source of demand to ensure short lead time.
spot stocking refers to company's goods stocked in a small warehouse for easy access. Often done seasonally.
Postponement is the warehousing form that merges traditional storage with light manufacturing tasks to delay final product assembly or packaging, which aligns with just-in-time delivery principles.
The form of warehousing that combines classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment is known as postponement. This system aligns with the principles of just in time delivery, reducing the need for large inventories and allowing for more flexible and efficient supply chain management. Companies utilizing postponement leverage logistics and locational criteria to minimize storage costs and maximize responsiveness to market demands.
Disposable personal income is A. personal income minus indirect business taxes. B. national income minus depreciation. C. personal income minus personal taxes. D. national income minus personal taxes.
Answer:
C. personal income minus personal taxes.
Final answer:
Disposable personal income is the personal income minus personal taxes, and represents the income that individuals can use for saving or consumption. The correct option is c.
Explanation:
Disposable personal income is C. personal income minus personal taxes. This is the amount of money that households have left after paying federal, state, and local taxes. In other words, it is the income that individuals can actually use for consumption or saving. To clarify, disposable personal income is calculated by taking the total personal income earned by the citizens from wages, investment interest, and other sources and then subtracting the personal current taxes they pay to the government. It does not take into account indirect business taxes, depreciation, or subtracting personal taxes from the national income.
The WACC for a firm is 19.75 percent. You know that the firm is financed with $75 million of equity and $25 million of debt. The cost of debt capital is 7 percent. What is the cost of equity for the firm?
a. 19.75%
b. 24.00%
c. 32.50%
d. 58.00%
Answer:
b. 24.00%
Explanation:
The formula to compute WACC is shown below:
WACC = Weightage of debt × cost of debt + (Weightage of common stock) × (cost of common stock)
19.75% = (0.25 × 7%) + (0.75 × cost of equity)
19.75% = 1.75% + (0.75 × cost of equity)
18% = (0.75 × cost of equity)
So, the cost of equity would be = 24%
Weighted of debt = ($25 million ÷ $100 million) = 0.25
And, the weighted of common stock = (Common stock ÷ total firm)
= $75 million ÷ $100 million
= 0.75
Plastix Produx Company is subject to a decision by the Consumer Product Safety Commission. Opposed to the decision, Plastix Produx wants a court to review it. First, however, the firm must use all of the potential administrative remedies. This is
a. an actual controversy at issue.
b. standing to sue.
c. the exhaustion doctrine.
d. the ripeness doctrine.
Answer:
The correct answer is c. the exhaustion doctrine.
Explanation:
"Exhaustion" refers to one of the limitations of intellectual property rights. Once a product protected by an intellectual property right has been marketed by your SME or by others with your consent, your SME is no longer entitled to exercise the intellectual property rights of the commercial exploitation of this given product, since it They have "sold out." Sometimes this limitation is also called the "first sale doctrine", since commercial exploitation rights on a given product end with the first sale of the product. Unless the legislation specifically provides otherwise, your SME may not control or oppose subsequent acts of resale, rental, loan or other forms of commercial use by third parties. There is a fairly broad consensus that this applies at least within the framework of the national market.
If a U.S. citizen in New York purchases a $1,200 television that was made in Korea, the Korean receives the money from the purchase. In that case, the U.S. current account _______________ and the U.S. capital account _______________.
Answer:
decreases by $1,200increases by $1,200.Explanation:
This is not exactly how selling imported goods work since most of the money stays in the country. For example, for every dollar spent on shoes made in China (or some other Asian nation), only about 25 cents return to China, while most of the money is earned by domestic companies (e.g. retailer, shipping company, etc.).
Lets assume that the citizen of New York spent $5,000 in a new TV and $1,200 went to Korea. The US current account will decrease by $1,200 (the current account measures exports minus imports) since the country has to pay for foreign imports.
The capital account measures financial transactions, and since the $1,200 is held by a Korean firm, then the US capital account will increase by $1,200.
Explain what happens when markets do not have enough competition.
Answer:
The price will be higher and output lower in absence of competition.
Explanation:
When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.
It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.
The resources will not be efficiently allocated and deadweight loss will exist.
On October 1, 2022, Sunland Company places a new asset into service. The cost of the asset is $124000 with an estimated 5-year life and $22000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Sunland Company uses the straight-line method of depreciation
Answer:
The depreciation expense is $5,100
Explanation:
The depreciation expense under the straight line method is computed as:
Depreciation expense = Asset Value - Salvage Value / Useful life of asset
where
Asset value is $124,000
Salvage Value is $22,000
Useful life of asset is 5 years
And asset is purchased on October, So depreciation will be computed from October to December, So, the number of months are 3
Depreciation expense = ($124,000 - $22,000) / 5 × 3 / 12
= $102,000/ 5 × 3 / 12
= $20,400 × 3 / 12
= $5,100
Because eric is a price taker, this last condition can also be written as
Answer:
The question is incomplete, I need more elements to answer.
Explanation:
A machine is purchased on September 30, 2009, for $60,000. Useful life is estimated at four years and no residual value is anticipated. The Double Declining Balance depreciation method is used. The acquiring company's fiscal year ends on December 31. Depreciation for 2010 should be: $15,000 $30,000 $26,250 None of the above.
Answer:
$30,000
Explanation:
Given
Cost of assets purchased on September 30, 2009 = $60,000
Useful life = 4 years
Annual depreciation using the straight line method = $60000/4
= $15,000
Using the Double Declining Balance depreciation method is used
Annual depreciation = 2 × $15,000
= $30,000
Depreciation for 2010 is $30,000.
An analysis that evaluates differential revenues and costs in order to determine the differential impact on income of two alternative courses of action is called __________ analysis.- horizontal- vertical- ratio- incremental
Answer:
Incremental
Explanation:
Incremental analysis is an essential leadership system utilised in business to decide the actual cost contrast between choices. Likewise, it is also called the applicable cost approach it ignores any sunk expense or past cost. It helps to do conduct a comparative analysis of two projects. Likewise, it also assist firms to take a significant decision regarding projects.
Suppose a perfectly competitive firm and industry are in long-run equilibrium and the firm earns an economic profit in the short run. Which of the following is likely to occur in the long run?
Answer:
The answer is the market supply curve will shift to the right, and the market price will decrease.
Explanation:
It is likely to the market supply curve will shift to the right, and the market price will decrease.
ACME Corp. has a pricing objective to increase its primary product's sales relative to total industry sales. This is best described as a(n) _______.
a. return-on-investment objective.
b. status quo objective.
c. product quality objective.
d. market share objective.
e. cash flow objective.
Answer: Option A
Explanation: In simple words, return on investment refers to the profit that an investor makes on the total amount of resources he or she employs in an investment. An investor setting a standard regarding earning a profit in relation to his or her investment in a project is called a return on investment objective.
Generally such objectives are set for earning at least a minimum amount, however above that will be accepted positively and higher return that the set criteria is possible as well.
Hence from the above we can conclude that the correct option is A.
Viet drives around and checks meters to document the amount of electricity used in homes. What Energy pathway is he a part of? Energy Conversion Energy Transmission Energy Generation Energy Distribution.
Answer:
he would be part of the energy distribution process
Explanation:
As Viet drives around and checks meters to document the amount of electricity used in homes since the electricity is distributed off a power line into the house and then within the house by the wiring to the lights and the electrical outlets for usage by the inhabitants.
Answer:
Energy Distribution
Explanation:
Just finished the test for this.
The company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $ 800. During the year Blended wrote off uncollectible receivables of $ 2,100. Blended recorded Bad Debts Expense of $ 2,900. Blended's year-end balance in Allowance for Bad Debts is $ 1, 600. Blended's ending balance of Accounts Receivable is $ 19,500. Compute the net realizable value of Accounts Receivable at year-end.
Answer:
$17,900
Explanation:
Data provided in the question:
Allowance for Bad Debts at the beginning of the year = $800
Uncollectible receivables during the year = $2,100
Bad Debts Expense at the year end= $2,900
Allowance for Bad Debts at the year end = $1,600
Accounts Receivable at the year end = $19,500
Now,
Net realizable value is calculated as:
= Account receivable at the end of year - Allowance for doubtful accounts at the end of year
= $19,500 - $1,600
= $17,900
After finishing his paragraph about the upsurge of sales of blue jeans for six-month-old babies, Roger created a set of pie charts to demonstrate the dramatic change in sales from five months ago. In making this choice, he takes advantage of which particular benefit of visuals?
A.To clarify
B.To emphasize
C.To unify
D.To summarize
E.To simplify
Answer:
B. To emphasize
Explanation:
Emphasize means to put stress on something to highlight its importance. So, Roger is taking advantage of emphasizing with the use of visuals as he is using them to draw the attention and highlight the dramatic change in sales of blue jeans which is the idea in his paragraph.
Question 27
What is the name given to unemployment that occurs because people do not have the required job skills?
seasonal
frictional
cyclical
structural
Question 28
Which of the following is a major export of the United States?
agricultural products
scientific instruments
ceramic figurines
recreational equipment
Question 29
Which of the following is a characteristic of a developed country?
low life expectancy
low literacy rates
low industrial output
low unemployment
Question 30
Which of the following organizations focuses on getting rid of poverty?
World Bank
United Nations Development Fund
North American Free Trade Agreement
United Way Development Agency
Question 31
Which of the following is NOT a function of a 21st century bank?
pay interest
lend money
accept tax payments
issue credit cards
Question 32
Which of the following is NOT a characteristic of a horizontal merger?
help lower costs
help improve products
two companies that produce the same product
government controlled
Question 33
An industry that has four large firms that provide ______ of the supply of the product is called an oligopoly.
75%
65%
55%
45%
Question 34
The law of __________ is defined as the willingness of producers to produce or supply more of a good as the price of the good increases.
demand
increasing costs
supply
increasing prices
Question 35
Which of the following is described by this statement?
As the prices of some goods rise, consumers cut back on the amount of items that they normally purchase and demand for these goods decreases.
substitution effect
income effect
increment effect
demand effect
Answer:
Seasonal
Explanation:
Unemployment basically means that a person is having skills but not in the required field due to which he/she is not employed that is not working.
Seasonal unemployment is a type of unemployment that occurs because people do not have the required skills.
For example a labour under construction work is employed only when he gets the work of construction and is good at that work but times when there is no construction work in process he is unemployed.
Another best example is that of an Agricultural worker or a Farmer who is employed in specific seasons only like those who are into more of work in summers rather than winters keeping in mind the types of seasonal vegetables or fruits the famers are dealing with.
Tyler runs a parasailing business on Hilton Head Island, South Carolina. Tyler closes his business in winter when the water gets too cold. Tyler should use a _________ advertising schedule.
Answer: Flighting advertising schedule
Explanation: In simple words, flighting period refers to the period in which advertising is being run. In such a strategy the organisation decides between two alternative scheduling, that is, whether to keep advertising running or cease all the runs for a specified time.
Flighting is generally used when the advertising is done on television but can also be for other mediums such as radio and newspaper etc. This helps an organisation to balance their advertising activity with the needs of their customers.
Tyler should use a seasonal advertising schedule for his parasailing business, focusing his efforts during the warmer months when his services are operational.
Explanation:Tyler, who runs a parasailing business on Hilton Head Island, South Carolina, should opt for a seasonal advertising schedule. Because his business closes during the winter months due to the water being too cold, his advertising efforts would be most effective if they are ramped up in the periods leading up to and during his peak business months. Thus, a seasonal advertising strategy allows for advertising to be concentrated in the times when potential customers are most likely to be interested in parasailing, aligning with the periods of warm weather conducive to the activity. In this way, Tyler can optimize his advertising budget by focusing on the spring and summer months when tourists and locals are most likely to engage in water sports.
The selling process begins with prospecting and qualifying. Welcome Home wants its sales force to call on those customers who are most likely to respond to the company's value proposition, which makes prospecting a crucial step. To sell townhomes, Welcome Home must get traffic to its model homes. To encourage visits to its community, an email campaign has been planned. A number of commercial email lists are available for purchase that include demographic selects. Which of the following attributes will you use for targeting the email campaign? Select an option from the choices below and click Submit.A. Geographic: Location of current residence B. Religious affilation: Jewish, Christian, Muslim, Buddhist, etc. C. Employer: Location of employer
The most relevant attribute to use for targeting the email campaign is the geographic location of current residence.
Explanation:For targeting email campaign, the most relevant attribute to use would be geographic location of current residence. This is because the location of the customers current residence will determine their proximity to the model homes, making it more likely to visit. The attributes mentioned, such as religious affiliation and employer location, may not have a direct impact on the likelihood of a customer responding to the value proposition for townhomes.
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For a successful email campaign targeting potential homebuyers for townhomes, it would be most effective to use the Geographic: Location of current residence attribute for determining targeted recipients. This, along with considering the common ages for home-buying, can increase the effectiveness of the campaign.
Explanation:In targeting an email campaign for selling townhomes, the most affective attribute would be Geographic: Location of current residence. This is primarily because geographical location can strongly influence a person's likelihood to purchase a home in a specific area. For example, people currently living in urban or suburban areas may be more interested in townhomes. Additionally, understanding where a potential customer currently resides can help predict their commute, proximity to desired amenities, and potential interest in the townhomes being sold.
It's also essential to consider other demographic information such as age, as the number of people at the most common ages for home-buying could increase the success of an email campaign. These demographic selects, often available in commercial email lists for purchase, enable businesses to target their marketing efforts effectively.
While the attributes like employer location or religious affiliation could provide some insights, they are not as directly relevant to the likelihood of a potential customer purchasing a home. Therefore, focusing on geographic location and age demographics would yield the most effective results for the email campaign.
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Harvey’s, a large and successful retail chain on the West Coast, decides to expand its operations across the U.S. Which of the following organizational structures should Harvey’s use?
a. basic
b. simple
c. multidivisional
d. functional
Answer:
Letter c is correct. Multidivisional.
Explanation:
The multidivisional organizational structure is best suited for implementation at Harvey's. This structure is generally used by companies that are expanding due to higher levels of diversification.
Its main feature is the division of various strategic business units that have the authority to manage losses and profits. The major benefits realized by the multidivisional structure are increased supervision and control, the process of comparing and distributing resources across units, and the motivation to improve internal management.
On January 1, 2014, Huber Co. sold 12% bonds with a face value of $1,000,000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $1,077,250 to yield 10%. Using the effective-interest method of amortization, interest expense for 2014 is ____.
Answer:
$107,418.13
Explanation:
Interest expense using the effective interest method = Part A + Part B
Where:
Part A = bonds' selling price x 6 months effective interest rate = $1,077,250 x 5% = $53,862.50
Part B = { bonds' selling price - [(face value x stated interest for 6 months) - (bonds' selling price x 6 months effective interest rate)]} x 6 months effective interest rate
= { $1,077,250 - [($1,000,000 x 6%) - ($1,077,250 x 5%)]} x 5% = [ $1,077,250 - ($60,000 - $53,862.50)] x 5% = ($1,077,250 - $6,137.50) x 5% = $1,071,112.50 x 5% = $53,555.63
Interest expense = $53,862.50 + $53,555.63 = $107,418.13
Your large business just issued bonds for $10 million. You are excited about utilizing the new funds to expand. As you create your budgets for the upcoming years you need to keep in mind that your company will need to ________.
Answer:
pay annual interest and repay the whole $10 million at the maturity date.
Explanation:
You have to avoid the feeling of being able to spend freely, the same feeling you get when you start to use your first credit card. You feel great because you can buy all the things you want but eventually you have to pay the bill and it comes with interest.
This sense of fake ownership of the money is something very common specially in big corporations. Try to remember when GM, Chrysler and Ford were burning cash a decade ago while being bankrupt (or almost bankrupt in Ford's case). They overspent simply because there were still some people that were willing to lend them money until the bill came in and no money was left.
Fiat money has A. little to no intrinsic value and is authorized by the central bank or governmental body. B. a great intrinsic value that is independent of its use as money. C. little to no intrinsic value but is backed by the quantity of gold held by the central bank. D. value, because it can be redeemed for gold by the central bank.
Answer:
The answer is A. Fiat money has little to no intrinsic value and is authorized by the central bank or governmental body.
Explanation:
Fiat money is the money that is issued by a country's government/ reserve bank whose value will be decided by the supply and demand of the money in the market, the country economic/social/political stability and potential.
Fiat money is not backed by commodities ( such as gold, silver) which secures its exchange power for a specific amount of commodities; it has no guarantees on its value ( i.e purchasing power), as a result has no intrinsic values itself. Instead, its value comes from the agreements of exchanging parties and the governance of its supply by the central bank.
Most countries' currencies nowadays are classified as fiat money, such as US dollar, Euro, Yen...
Answer:
A. little to no intrinsic value and is authorized by the central bank or governmental body.
Explanation:
Fiat money is money that has little to no intrinsic value and is authorized by the central bank or governmental body.
It is usually established by the government as legal tender and its value is maintained by the government.
Commodity money has a great intrinsic value that is independent of its use as money.
Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiao Ping started market reforms. Chinese per capita real GDP doubled again in only seven years, reaching $1,400 by 1986. What was the average annual economic growth rate between 1979 and 1986?
Answer:
10.4%
Explanation:
In macroeconomics class we are told that if an economy grows by 10%, it will take them 7 years to double its size.
The answer is not exactly 10%, but it's pretty close:
(1 + x%)⁷ = 2
1 + x% = ⁷√2
1 + x% = 1.104
x% = 1.104 -1 = 0.104 or 10.4%
We can check the answer: 1.104⁷ = 2