answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sidana [21]
2 years ago
9

Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the following

statements is true about this transaction? Choose one: A. The gold coins are a fiat currency that can be used to purchase a car. B. The gold coins are a commodity-backed money with no intrinsic value. C. This was an illegal transaction because it involved the use of a foreign currency. D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value. E. The gold coins are not money because, by definition, money cannot have intrinsic value.
Business
1 answer:
aleksley [76]2 years ago
5 0

Answer:

D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value

Explanation:

Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver

Fiat money is money that has no intrinsic value but the government establishes it as money.

I hope my answer helps you

You might be interested in
A broker enters into an Exclusive Right-to-Buy contract with a purchaser. The purchaser finds a satisfactory property and makes
Artyom0805 [142]

Answer:

The buyer doesn't have any obligation to give a bonus to the seller's agent, nor the seller's agent have any right to request some type of payment from the buyer regardless of what tasks he/she performed. But if the buyer decides to give a bonus to the agent because he/she wants to (for whatever possible reason), both parties must fully disclose in writing the circumstances regarding the payment.

4 0
1 year ago
A buyer representative locates a suitable property through an owner broker. The buyer buys the property, the seller pays a commi
nadya68 [22]

Answer:

Single agent for the owner

Explanation:

In real estate, broker could play two roles:

- As a single agent

- or as a transaction broker

If the broker play as the transaction broker, that broker will mediate that transaction in a way that mutually beneficial for the seller and the buyer.

But, single agent only represent one side of the party. (either the buyer alone or the sellers alone). Single agent will handle the transaction to benefit only the party it represented.

"Owner broker" means that the broker only represents the Seller. This broker will try to make the price of the property as high as possible for the seller's benefit.

4 0
1 year ago
Jumbuck Exploration has a current stock price of $2.00 and is expected to sell for $2.10 in one year's time, immediately after i
fiasKO [112]

The equity cost of capital for the Jumbuck Exploration is 22%

Explanation:

Equity cost refers to the return offered to the customers in place of their investment in the organisation stocks. It is calculated by the formula

Rₐ = (D₁/P₀)+g

Where Rₐ= cost of equity

D₁= dividends announced

P₀=share price (current)

g= growth rate

Now given details-

Dividend announced (D₁)- $ 0.26

Current market price (P₀) - $ 2.00

Expected price= $ 2.10

growth rate= expected price- current price

growth rate (g) =$ 0.10

Putting the values to find Rₐ

Rₐ=(0.26/2.00)+0.10

Rₐ=0.23 or 23%

Nearest answer is 22%

Hence the equity cost of the capital is 22%

4 0
2 years ago
Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad
Paul [167]

Answer:

the answer for the first question is $166667.

the answer for the second question is $210526

the answer for the third question is An inverse.

Explanation:

given information that i will invest in a $10000 scholarship that will pay forever.

the interest rate charged is 6.00% per annum therefore this is a perpetuity present value problem where there is streams of income forever therefore we use the formula :

Pv of perpetuity= Cf/r

where Cr is the cash flows payed by the single investment forever in this case $10000 then r is the interest rate of the investment amount which is 6% in this case.

Pv of Perpetuity= $10000/6%

                           =$166667 therefore i must invest this amount to get the scholarship running with streams of $10000 forever.

in the second problem if now the interest rate is changed from 6% to 4.75% then the amount to be invested would be :

Pv of perpetuity = $10000/4.75%

                              =$210526 therefore this is the amount to be invested for a forever $10000 stream of incomes for a scholarship.

the relationship is indirect cause as the interest rate decreases the present value of the perpetuity that must be invested increases.

3 0
2 years ago
Gillette now markets its Body line of razors, blades, and shaving gels for "manscaping," the art of shaving body hair in areas b
Varvara68 [4.7K]

The correct answer for the question is option"b", changing the value offered to the customers.

Explanation:

Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.

7 0
2 years ago
Other questions:
  • Hannah accidentally overpaid her last credit card bill and has sent a written request for her bank to refund her difference. How
    5·2 answers
  • A decrease in demand for cameras would likely be caused by
    12·1 answer
  • The term ________ refers to a limited-capacity store that not only retains information over the short term (maintenance), but al
    6·2 answers
  • The following exercise will help you identify how business owners function within the different stages of retailing. The wheel o
    8·1 answer
  • The statements and equations show various ways of defining average variable cost, marginal cost, and average total cost. TC is u
    5·2 answers
  • A company has net working capital of $2,507, current assets of $6,650, equity of $22,530, and long-term debt of $10,640. What is
    15·1 answer
  • Truman Co. sells a large number of common household items, while Stapleton sells a small number of expensive items. The two comp
    12·1 answer
  • If the marginal product of capital net depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the
    14·1 answer
  • Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cat. Labor costs will
    9·1 answer
  • Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,000 custome
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!