1.In your opinion, what commodity can be used as "money"? In other words, what requirements the commodity must meet to be "money"?
2.What are the main reasons that salt cannot finally play the role of money?
Answers
The commodity should retain its value over time, allowing individuals to hold onto it as a form of wealth.salt's limitations in terms of scarcity, divisibility, durability, portability, and practicality have hindered its ability to fulfill the requirements necessary to function
1) In my opinion, for a commodity to function effectively as money, it needs to fulfill several requirements:
a) Durability: The commodity should be able to withstand wear and tear over time, ensuring it remains in a usable state.
b) Divisibility: It should be easily divisible into smaller units without losing its value. This allows for transactions of varying sizes.
c) Portability: The commodity should be lightweight and easily transportable, enabling individuals to carry and exchange it conveniently.
d) Uniformity: Each unit of the commodity should be identical to ensure consistent value and ease of recognition.
e) Scarcity: The commodity should have a limited supply to maintain its value. If it is too abundant, it may not be considered valuable enough to serve as money.
f) Acceptability: There should be a general consensus or social agreement that the commodity has value and can be used as a medium of exchange.
g) Store of value: The commodity should retain its value over time, allowing individuals to hold onto it as a form of wealth.
2) Salt historically played a role in various societies as a form of money, but there are several reasons why it did not persist in that role:
a) Availability: Unlike other commodities, salt is relatively abundant in many regions, which means its scarcity factor is low. This reduces its value as a medium of exchange.
b) Fungibility: Salt lacks the necessary level of uniformity. Its quality and purity can vary significantly, making it difficult to determine its exact value in trade.
c) Divisibility: While salt can be divided into smaller units, it is not as easily divisible as other commodities like precious metals or coins. This limits its usefulness in facilitating transactions of varying sizes.
d) Durability: Although salt is relatively stable, it is susceptible to moisture and can deteriorate over time. This makes it less durable than other commodities like gold or silver.
e) Portability: Salt is relatively heavy and bulky compared to other commodities. Its transportation and storage can be challenging, especially for larger quantities.
f) Practicality: Salt has a specific purpose as a seasoning and preservative, which limits its versatility as a medium of exchange. It is less practical for everyday transactions compared to more universally desired commodities.
Considering these factors, salt's limitations in terms of scarcity, divisibility, durability, portability, and practicality have hindered its ability to fulfill the requirements necessary to function effectively as money in the long term.
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Related Questions
the threat of antidumping action affects a firm by?
Answers
The threat of antidumping action limits a company's ability to use aggressive pricing to gain market share in a country. Firms in a country can also strategically use antidumping measures to limit aggressive competition from low-cost foreign producers.
What exactly does anti-dumping mean?
Anti-dumping measures. A company is said to be "dumping" a product if it exports it at a lower price than it normally charges in its home market.
Is this a form of unfair competition?
Although opinions differ, many governments take action against dumping to protect their domestic industries. Antidumping and countervailing duties are intended to compensate domestic industries harmed by unfairly traded imports by offsetting the value of dumping and/or subsidization.
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From the following, select the most important component of emergency preparation. A. Right to Know B. Planning C. Cost D. OSHA standards. Planning.
Answers
The most important component of emergency preparation is planning. so, correct option is B.
Planning is crucial in emergency preparation as it involves the systematic development of strategies, procedures, and protocols to effectively respond to various emergencies.
It encompasses activities such as risk assessment, identifying potential hazards, establishing emergency response teams, defining roles and responsibilities, creating communication channels, and designing evacuation and safety protocols.
Planning allows organizations to anticipate and mitigate risks, allocate resources efficiently, and ensure a coordinated and swift response during emergencies.
While components like the right to know, cost considerations, and adherence to OSHA standards are important, they are typically addressed within the planning process to ensure compliance, resource allocation, and effective communication during emergencies.
Planning forms the foundation for comprehensive and effective emergency preparedness.
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What improves the attitudes of officers toward their jobs and the communities they serve which encourages the officers to develop creative solutions to complex problems?answer choicesa) Tailored patrol strategiesb) Beat profilingc) Permanent shiftsd) Interaction with the community
Answers
Engagement with the community helps officers establish positive attitudes toward their work and the areas they serve, which encourages them to come up with innovative solutions to challenging issues.
What instances of cures are there?
A homogenous mixture comprising two or more ingredients with particles smaller than one nm is referred to as a liquid. There are many different types of solutions, such as carbonated water, sodium and sugar alternatives, and others. Every element in a solution appears to be one phase.
What are some instances of sensible approaches?
A standard solution is a prepared solution from an are as that has a known amount .
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(a) Treasury bond markets in New Zealand and the U.S. are dealer markets. What are the pros and cons of this market structure as compared to trading securities on an exchange? (b) The Reserve Bank of New Zealand reports the following (annually compounded) treasury bond spot rates (as of 26 July 2022). Can we conclude that the market is expecting short term interest rates to rise over the next 10 years? Discuss. (c) You are in the United States. The date is 26 July 2022. You decide that the market has under-estimated the yield on long term Treasury bonds. You observe the following bond: Describe how you would use this bond to trade in order to profit from your beliefs.
Answers
Pros: Higher liquidity, faster trades, competitive prices. Cons: Reliance on dealer integrity, limited transparency, potentially higher transaction costs compared to exchange trading. Not enough information. Spot rates alone do not indicate market expectations for short-term interest rates. Buy the bond at a lower price and hold it until the market realizes the higher yield, leading to capital gains upon selling.
(a) Dealer markets in treasury bond trading offer advantages such as increased liquidity, faster trade execution, and competitive prices due to market-making activities. However, cons include reliance on dealer integrity, limited transparency, and potentially higher transaction costs compared to exchange trading.
(b) The given spot rates alone do not provide enough information to conclude the market's expectations for short-term interest rates. Other factors like market sentiment, economic indicators, and monetary policy actions need to be considered for a comprehensive assessment of interest rate expectations.
(c) To profit from the belief of under-estimated long-term Treasury bond yields, one can buy the bond at a lower price and hold it until the market recognizes the higher yield. Selling the bond at a later date would generate capital gains as the bond price increases due to the realization of the higher yield.
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where in the universe did the big bang take place?
Answers
Answer:
The dig dang happened everywhere in the universe
Explanation:
ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.
Answers
Answer:
The value of Bond = $951.963
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate
Value of Bond = PV of interest + PV of RV
Th e PV of interest payment
A ×(1- (1+r)^(-n))/r
Interest payment = 10%× 1000 = 100
PV = 100× (1- 1.12^(-3))/0.1 = 240.183126
PV of redemption value
PV = RV× (1+r)^(-n)
PV = 1000× 1.12^(-3) = 711.7802
The value of bond = 240.18 + 711.78= 951.963
The value of Bond = $951.963
List the following documents in the order in which they are used when recording direct materials costs injob order cost accounting, with the first document on top.
1. Receiving reports
2. Materials ledger cards
3. Materials requisitions
4. Job cost sheets
Answers
The next table lists direct material costs in the order they were used. cost sheets for jobs, Materials requisitions, Materials ledger cards, Obtaining knowledge
On a materials ledger card, the raw material units that pass through a warehouse are manually recorded. Typically, the card has the following transactional data: Raw materials are carried from the warehouse to the plant floor after being purchased from vendors and recorded when received.
A list of a job's actual costs is called a job cost sheet. The report, which the accounting department put together, is given to the management team so they may decide whether a job was fairly bid. The sheet is usually finished after a work is finished, though it can be put together as you go.
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Which one of the following statements accurately describes FICO?
A.FICO is firm that analyzes data collected by credit bureaus and generates a credit score.
B.FICO is a credit bureau.
C.FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
D. FICO uses your grades and employment information to determine your creditworthiness
Answers
Answer:
c. FICO collects information about your financial dealings involving any sort of loan debt or billing.
FICO collects information about your financial dealings involving any sort of loan, debt, or billing. Thus, the correct answer is option C.
What is FICO?FICO, formerly Fair, Isaac and Company, is a data analytics business with a focus on credit scoring services that is situated in Bozeman, Montana. Its formal name is Fair Isaac Corporation. In 1956, Bill Fair and Earl Isaac started it. A standard of consumer lending in the US is the FICO score, which measures the risk of consumer credit.
A business can store a complete copy of its financial transaction data because of FICO. FICO is specifically designed to assist businesses in producing and managing financial statements for analysis and reporting as well as supporting efficient business planning and decision-making.
Therefore, FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
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Mateo wants to buy a new guitar and amp that will cost about $2,500. He works part time at a cafe and brings home around $500 per week. He tells his friends he plans to buy the guitar in about two months. What detail of this goal is missing?
Answers
The missing detail in Mateo's goal is how much money he can save per week.
While it is known that he brings home around $500 per week from his part-time job at the cafe, it doesn't have information on how much of that income he plans to save each week towards buying the guitar and amp.
To determine if he can achieve his goal of buying the guitar in about two months, it is needed to know how much money he can set aside from his weekly earnings for savings. Without this information, it is challenging to assess whether his goal is achievable within the specified timeframe.
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Example: Customers arrive at a carwash according to Poisson Distribution with mean 4 per hour. Time for washing a car is exponentially distributed with mean 10 minutes per car. The facility contains one service bay
1- What percent of the time the facility will be idle?
2- How many cars will be waiting for service when a customer arrives? (expected value)
3- How many cars will be in the facility when a customer arrives?
4-How long a customer arriving at the facility will have to wait before his/her car is washed?
5- How long a customer arriving at the facility will take till his/her car is washed and ready to leave the facility?
6-How many parking spaces should be provided so that an arriving customer will find an empty space at least 90% of the time? (let s be the desired number of parking spaces)
PLEASE SOLVE ALL OF QUESTIONS and SOLVE IT MANUALLY USING EQUATIONS
Answers
1. The facility will be idle approximately 6.7% of the time.
2. On average, there will be 0.4 cars waiting for service when a customer arrives.
3. On average, there will be 0.4 cars in the facility when a customer arrives.
4. A customer arriving at the facility will have to wait approximately 2.5 minutes before their car is washed.
5. A customer arriving at the facility will take approximately 12.5 minutes until their car is washed and ready to leave the facility.
6. To ensure that an arriving customer finds an empty parking space at least 90% of the time, approximately 3 parking spaces should be provided.
1. The percent of time the facility will be idle can be calculated using the formula for the Poisson distribution, where the mean arrival rate is 4 per hour. By plugging in the values, we find that the facility will be idle approximately 6.7% of the time.
2. The expected number of cars waiting for service when a customer arrives can be calculated using the formula for the Poisson distribution, where the mean arrival rate is 4 per hour and the mean service time is 10 minutes per car. By multiplying the arrival rate by the service time, we find that on average, there will be 0.4 cars waiting for service when a customer arrives.
3. Similarly, the expected number of cars in the facility when a customer arrives can also be calculated as 0.4 cars using the same approach.
4. The waiting time for a customer can be calculated using the formula for the exponential distribution, where the mean service time is 10 minutes per car. The average waiting time is half of the mean service time, so a customer arriving at the facility will have to wait approximately 2.5 minutes.
5. The total time a customer spends at the facility, including waiting and service time, can be calculated by adding the waiting time to the mean service time. Thus, a customer arriving at the facility will take approximately 12.5 minutes until their car is washed and ready to leave.
6. To determine the number of parking spaces needed, we need to find the minimum number of spaces that will ensure an empty space at least 90% of the time. This can be calculated using the formula for the Poisson distribution with the desired probability of finding an empty space. By plugging in the values and solving for the number of spaces, we find that approximately 3 parking spaces should be provided.
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1. What is the attitude banks have toward being required to become members of the Federal Reserve System?
Answers
Answer:
The attitude banks have toward being required to become members of the Federal Reserve System is explained below in details.
Explanation:
Any country chartered bank (mutual or stock-formed) may enhance a segment of the Federal Reserve System. The twelve geographical Reserve Banks conduct state affiliate banks as members of the Federal Reserve System's commission to guarantee strength and endurance in the nation's indigenous businesses and banking system.
Productivity is a measure of:
A. the investment required to get a business started.
B. the growth of a business over a defined period.
C. the profits generated by a single economic decision.
D. the amount of input needed to create a certain output.
Answers
I think the answer you're looking for is 'D' if you're asking what productivity is in a generalized sense.
Productivity is the measure of option D. the amount of input needed to create a certain output.
What is productivity?Productivity should represent the value of the input i.e. required for developing the specific output. It does not have the investment that is needed for the business. Neither the profit should be produced.
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If you are late paying your bill, what is the impact on your annual fee?
Answers
Answer:
It will most likely increase
Explanation:
The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.
What is bill?A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.
If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.
Therefore, the late payment of bill would increase the amount of interest.
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What banking activity do most consumers use mobile banking for?
Answers
Answer:
—The most common use of mobile banking is to check account balances or recent transactions (94 percent of mobile banking users).
Explanation:
hope it helps
mark me brainliest pls
Answer:
Checking account balances or recent transactions is the most popular application of mobile banking (94 percent of mobile banking users).
Explanation:
What is Mobile Banking?A bank or other financial institution's mobile banking service allows consumers to execute financial transactions remotely using a mobile device such as a smartphone or tablet.
What are the top three reasons why people utilize internet banking?Transferring funds, paying bills, depositing funds, and changing account information are the most common activities, according to internet banking customers' statistics.
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which trade organization is responsible for 90% of the worlds trade ?
The EU
ASEAN
The WTO
NAFTA
Answers
Answer: The WTO
Explanation:
Select all that apply.
Signs that a listener is paying attention include:
giving advice
facing speaker
telling a similar story
maintaining eye contact
Answers
Answer:
facing the speaker and maintaining eye contact
Answer:
1. giving advice
2. facing speaker
3. telling a similar story
4. maintaining eye contact
Explanation:
Edge 2021-2022 :)
Five hair stylists at a salon perform 12 haircuts in two hours. One of the stylists,
Francesca, is leaving the salon after 10 years. Francesca usually performs 2
haircuts per hour. Which of the answer choices is correct?
Answers
The salon's average product of labor will decrease when Francesca leaves the salon in the given circumstances.
How is the average product of labor determined?The average product of labor (APL) gauges the typical output of each employee. The total product is simply divided by the workforce. The total output of labor divided by the quantity of workers employed, or Q/L, yields the average product of labor (APL). A popular metric for assessing labor productivity is the average product of labor.
The form of the AP curve on the left suggests that as more workers are hired, AP initially increases to a maximum before decreasing. The average output (or products) that each input produces is referred to as an "average product", factors of production like labor and land.
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Assume that smith deposits $200 in currency into her checking account in the xyz bank. later that same day, jones negotiates a loan for $1,500 at the same bank. in what direction and by what amount has the supply of money changed
Answers
Change in the money supply is an increase of 1,500, as the deposit by Smith increased the reserves by 200 and the loan to Jones increased the checking account balance by 1,500.
By what direction and amount has the supply of money changed when Smith deposits 200 and Jones negotiates a loan for 1,500 at the XYZ bank?In this scenario, we can analyze the changes in the money supply using the concept of reserves and loans.
When Smith deposits 200 in currency into her checking account, the money is effectively being transferred from currency (which is outside the banking system) into reserves held by the bank. This deposit increases the reserves of the bank by 200.
Later, when Jones negotiates a loan for 1,500, the bank creates new money by extending credit to Jones. This loan increases the checking account balance of Jones by 1,500. Consequently, the money supply increases by 1,500.
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Determine if each scenario is good credit or bad credit.
A FICO credit score of 800.
Always paying a late fee on monthly bills.
Closing all unused accounts.
✓ Not using all of the credit available on your credit cards.
SUBMIT ANSWER
O ASK FOR HELP
Answers
1) unsure
2) bad
3) good
4) good
but im PRETTY sure the first one is bad.. IM NOT SURE!!
Advertising, like any part of the promotional mix, can be managed by following several steps. What are two of those steps?.
Answers
Advertising, like any part of the promotional mix, can be managed by following several steps. Executing and Evaluating are those two steps.
The most important step in putting an advertising plan into action is execution. In this stage, an advertisement is carefully examined and put in the appropriate media while taking the advertising goals into account.
Creative executions are components that advertisers use more to draw attention than to enlighten consumers about a product or brand. Athlete or celebrity endorsements, humor, fanciful imagery, and words or visuals that evoke strong emotions like shock, fear, or warmth are a few examples.
A planned advertising program's effectiveness in terms of sales, elevated brand awareness, expanded distribution, or other program goals are measured through advertising campaign evaluation.
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_____ is a career typically requiring a certificate from a vocational school program. Lawyer Actor Sales clerk Automotive mechanic
Answers
Answer:
The answer is Automotive Mechanic
Explanation:
To start with, a vocational school program also known as vocational training or Career and Technical Education (CTE) and Vocational Education and Training (VET), is any program that provides job-specific technical training for a particular career.
Students enrolled for such programs are given hands-on instructions that can lead to the award of certification. Automotive Mechanic is the best option and right answer for this question because the career requires hands-on experience which can be taught by vocational school programs. Other careers that require vocational school programs are plumbing, wiring, shoe making among others.
_____ can be defined as any voluntary, attitude-driven behavior that violates organizational norms and causes some degree of harm to an organization, coworkers, or supervisors.
Answers
Organizational deviance can be defined as any voluntary, attitude-driven behavior that violates organizational norms and causes some degree of harm to an organization, coworkers, or supervisors.
It is a negative behavior that goes against an organization's established policies, standards, and procedures.Individuals may indulge in organizational deviance when they feel frustrated, demotivated, dissatisfied, and feel like they have been treated unfairly.
Organizational deviance can take several forms, such as theft, aggression, absenteeism, sabotage, substance abuse, and other forms of misconduct.
It is essential to recognize, prevent, and manage organizational deviance because it can have far-reaching consequences, such as decreased productivity, employee turnover, low morale, high costs, reduced job satisfaction, and others.
Moreover, it can also affect the organization's overall reputation, create distrust among employees, lower organizational commitment, and can also lead to legal complications.
Some causes of organizational deviance may include peer influence, lack of supervision, low job satisfaction, job dissatisfaction, feelings of injustice, and others.
Prevention and management strategies for organizational deviance can involve implementing effective screening and selection processes, promoting a positive work environment, providing training and development, promoting organizational citizenship behaviors, and providing employee support.
Organizational deviance is a complex issue that requires constant attention and management to ensure that employees are operating in an ethical and productive work environment.
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Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
What should appear in this section of a check register?
CHECK
NO
DATE
DESCRIPTION
TRANSACTION
AMOUNT
DEPOSIT
AMOUNT
BALANCE
$3667
$216.30
$15067
161
6/4
Sound Out
$216.30
new tape deck
withdrawal
ATM
6/18
$35.00
$35.00
$11567
$5500
$6067
spending money
check card
Food & groceries
Chkcd|6/18
$55.00
2010 Gynton, in
amount withdrawn
balance
check number
amount deposited
Answers
Answer:
how much you took out i think this is weird
Explanation:
Answer:
the answer is amount deposited
Explanation:
Explain the impact of the asset demand, transaction demand, & total demand for money on the economy.
Answers
Diego feels he has achieved some measure of respect as a cosmetic surgeon. Now, Diego focuses on being the best he can be. Which need is Diego trying to meet
Answers
Diego is trying to focus and meet his self-actualization needs.
What is Maslow's Hierarchy of Needs?
Abraham Maslow's theory of Hierarchical needs explains that people are driven to meet fundamental wants before moving on to more complex requirements.
His theory emphasizes five hierarchical needs, these are:
Physiological needsSecurity and safety needsSocial NeedsEsteem NeedsSelf Actualization needsTherefore, based on the fact that Diego is concerned about his own personal growth and focusing on his career, we can conclude that Diego is trying to focus and meet his self-actualization needs.
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For each lease below identify whether the short-term lease recognition exemption would be available. Fill in the columns by dragging and dropping the options from below, and then select Submit.
Answers
Here is the analysis of whether the short-term lease recognition exemption would be available for each lease:
How to explain the leaseLease 1: Lease term: 11 months
Option to purchase: No
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and there is no option to purchase the underlying asset.
Lease 2:Lease term: 10 months
Option to purchase: Yes, but the lessee is not reasonably certain to exercise the option.
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and the lessee is not reasonably certain to exercise the option to purchase the underlying asset.
Lease 3: Lease term: 11 months
Option to purchase: Yes, and the lessee is reasonably certain to exercise the option.
The short-term lease recognition exemption would not be available for this lease because the lease term is 12 months or less, but the lessee is reasonably certain to exercise the option to purchase the underlying asset.
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Which is an example of E-commerce? A. Hot dog stand B. Cable company C. Online boutique D. Car wash
Answers
An example of an E-commerce is an online boutique.
What is E-commerce?
E-commerce is a business that exists online. For example, if a person establishes sells items on a website or on a social media platform, the person is operating an e-commerce. An example of an e-commerce business is ASOS.
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Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources of information that entrepreneurs generally use to make the purchase. Which of these statements refers to an alternative source that Derick can use to locate businesses up for sale?
A.
He could hire the services of a business brokerage company.
B.
He could refer to websites that provide such details.
C.
He could contact businesses through details provided in trade magazines.
D.
He could ask his accountants and lawyers if any of their other clients want to sell their businesses.
E.
He could refer to “business for sale” advertisements listed in the classified sections of newspapers.
Answers
Answer:
The answer is D
Explanation:
I got it right on my quiz. :)
inside of the Sun's orbit? Give your answer in scientific notation and in units of solar masses.
Answers
The Sun's orbit is about 25,000 light-years from the center of the Milky Way galaxy.
Therefore, anything located inside the Sun's orbit would be closer to the center of the galaxy than the Sun is.
In scientific notation and in units of solar masses, the mass of objects within the Sun's orbit would be less than 1 solar mass (1.0 x 10^0 M☉).
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