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pickupchik [31]
2 years ago
15

Bitcoin fails to satisfy which two of the three functions of money? Question 3 options: A) medium of exchange and unit of accoun

t B) medium of exchange and store of value C) bitcoin satisfies all of the functions of money D) unit of account and store of value
Business
1 answer:
mojhsa [17]2 years ago
3 0

Answer:

The correct answer is letter "D": unit of account and store of value.

Explanation:

Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.

Three are the functions of money: <em>medium of exchange, store of value, </em>and <em>unit of account</em>. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.

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What are the typical sources for gathering factual data for informal reports? check all that apply. printed material surveys and
Liono4ka [1.6K]

<span>A good report is based on compact, precise, provable pieces of evidence. The typical sources for gathering factual data for informal reports include all in the list, the printed material, surveys and questionnaires, electronic resources and by observation. Printed material will help you to spot past performance and procedures used to explain former glitches. Data from collections of individuals can be made from using surveys, questionnaires, and inventories. Interviewing people directly involved with the issue creates outstanding main data.</span>

5 0
2 years ago
Initial Outlay -$5,000 Year 1 $3,000 Year 2 $3,500 Year 3 $3,200 Year 4 $2,800 Year 5 $2,500. a. What is the PI if the discount
kkurt [141]

Answer:

a. What is the PI if the discount rate is 20%?

profitability index = present value of cash flows / initial outlay

PI = $9,137.41 / $5,000 = 1.83

b. What is the NPV if the discount rate is 20%?

NPV = -$5,000 + $9,137.41 = $4,137.41

c. What is the IRR if the discount rate is 20%?

the discount rate is irrelevant when you are calculating the IRR, since the IRR is the discussion rte at which the NPV = $0

IRR = 55.23%

Explanation:

Initial Outlay -$5,000

Year 1 $3,000

Year 2 $3,500

Year 3 $3,200

Year 4 $2,800

Year 5 $2,500.

7 0
2 years ago
A toll tunnel has decided to experiment with the use of a debit card for the collection of tolls. Initially, only one lane will
erma4kov [3.2K]

Answer:

expect the customer to wait = 6.74  sec

1 car would expect to see in the system.

Explanation:

given data

arrive rate λ = 300 per hour

verify the debit card u = 1 card per 5 second = 720 card per hour

solution

L(q) = 300² ÷ ( 2 × 720 (730-300) )  

L(q) = 0.1453

L(q) = 2.0833

and

L(s) = 0.1453 + 300/720

L(s) = 0.5619   W(s)

so

expect the customer to wait = 0.5619 ÷ 300

expect the customer to wait =0.001873  

expect the customer to wait = 6.74  sec

and

L(s) 0.5619 = 1 cars

so 1 car would expect to see in the system.

5 0
2 years ago
Dawn Corp. uses a standard cost system. During the year, both the labor rate variance and the labor efficiency variance were unf
Kisachek [45]

Answer:

Option A is the correct answer (Increases - Increases)

Explanation:

If Dawn had allocated the variances to work in progress rather than on cost of goods sold. Current ratio would increases and the net income would increase also. This is because writing off the variances to cost of goods sold would automatically result into a lower operating income than if it was either prorated to work in progress, finished goods, and cost of goods sold.

8 0
2 years ago
The holder of a promotional permit may:
MissTica
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4 0
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Read 2 more answers
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