As a broker, there are several responsibilities that need to be taken care of before closing a deal. Firstly, it is important to generate prospects by reaching out to potential buyers or sellers through various marketing channels.
Once a potential seller is identified, the broker needs to develop a price range for the property and complete a listing presentation to showcase its features and benefits.
After the presentation, the broker should negotiate and execute an agreement with the seller that outlines the terms and conditions of the sale. It is crucial that the broker does not engage in any commingling or conversion of escrow funds during this process to maintain trust with their clients.
Once an agreement has been reached, the broker should facilitate the fulfillment of any contract contingencies and provisions. This may include obtaining necessary disclosures and obtaining offers from interested buyers.
Additionally, the broker should develop a marketing plan to attract and sell the property to qualified prospective buyers. This involves screening and qualifying potential buyers to ensure they have the financial resources to purchase the property.
Overall, the responsibilities of the broker regarding pre-closing activities involve ensuring that the sale process runs smoothly and efficiently while maintaining ethical and legal practices.
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The internal rate of return takes into account the purchase price, the selling price and the timing of any income received from the investment?
In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments. IRR is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero. Remember that the project's true financial value is not represented by the IRR.
The annual return is what brings the NPV to a negative value. The ultimate objective of IRR is to determine the rate of discount, which brings the initial net cash outlay for the investment's investment to the present value of the total of its initial nominal yearly cash inflows.
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In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed
Answer:
certified signed
Explanation:
that signature come from police
Answer:
certified signed
Explanation:
The check only have power or in other words legit when only have the certification from the bank or the treasury.
An intangible benefit is called a
a) commodity
b) Service
c) market
d) goods
A
Explanation:
using the internet and the process of elimination, A is your answer
ANSWER:
B.CORRECT IF IM WRONG
BUT IM SURE THAT
Please help I will mark you as brainliest!!
The marketing manager at a company producing laundry products sees great
long-term profits from selling to many consumers worldwide who care about
low prices. Which of the following tactics would best support this manager's
low-price strategy?
A. Develop products with more features than the competition offers
B. Design simple, inexpensive packaging
C. Offer a customer help line for advice in using the products
D. Work with retailers that specialize in speedy checkout and fast
delivery
The tactics that would best support this manager's low-price strategy is Designing simple, inexpensive packaging. Thus option B is correct.
What is the manager?A manager refers to a person who is responsible head of any project and helps in arranging the resources, checking the progress, and timely completion of it in order to achieve the vision and goal of the organization.
In order to cater to a large number of potential consumers the low pricing strategy is used where the manager focuses on simple and inexpensive designs which help in the affordability of consumers.
Therefore, option B is appropriate.
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Ahrens Tech incurs costs of $33 per unit ($21 variable and $12 fixed) to make a widget it normally sells for $58. Ahrens has received two special offers: Wholesaler A offers to buy 9,000 units at $46 each and Wholesaler B offers to buy 15,500 units at $42 each. Assuming Ahrens has the capacity to accept only one of these offers, which one should it accept
Ahrens should accept Wholesaler B offers to buy 15,500 units at $42 each
What is Wholesaler?The sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or other wholesalers and related subordinated services, is known as wholesaling or distributing.
In the supply chain, a wholesaler serves as an intermediary or middleman. The most common type of wholesaler is a company that buys finished products from manufacturers and distributes them to retailers, who then sell smaller quantities of the product to end users.
To summarize the key distinctions, retailers sell goods directly to end users in small quantities. Wholesalers, on the other hand, sell goods to other store owners and retail industry professionals, who then sell the goods to the end user.
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Which of the following statements is TRUE?
A. Your portfolio should have a higher allocation toward bonds
and cash equivalents right before you retire.
B. You should try to maximize your investment earnings right
before you retire.
C. Both A and B
D. Neither A nor B
Which of the following is one of the primary reasons behind the merger between Adidas and Reebok? A) To gain a stronger foothold in the basketball market B) To expand their product line into outdoor gear C) To increase their presence in the United States D) To improve their sustainability practices
The primary reason behind the merger between Adidas and Reebok was to increase their presence in the United States.
Adidas, a German-based company, had been struggling to gain market share in the US, which is the largest sportswear market in the world. By acquiring Reebok, which already had a strong presence in the US, Adidas was able to expand its customer base and distribution network in the country. While the merger did lead to some expansion of product lines, such as Adidas entering the basketball market, the primary focus was on increasing market share in the US. Sustainability practices were not a major factor in the merger decision.
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Daimler AG agreed to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, which is an example of
Daimler AG agreeing to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, is an example of countertrade
What is Countertrade?Countertrade is the means by which good and services is being paid for, with other goods or services, instead of with money.
Examples of countertrade include:
BarterCounter purchaseOffsetsFrom the question, since Daimler AG agreed to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, hence countertrade has occurred.
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what leadership and personality traits does donald trump possess
Donald Trump is known for possessing a variety of leadership and personality traits. Some of these are outlined below: Leadership TraitsCharismatic - Donald Trump is known for his ability to connect with people and engage them with his charismatic personality.
He is able to influence and persuade others through his words and body language. Confident - Donald Trump exudes confidence and has an unwavering belief in himself. This trait has helped him to take risks and make bold decisions that have paid off in the long run. He is not afraid to try new things and is always open to new ideas. Decisive - Donald Trump is a decisive leader who is not afraid to make tough decisions. He is able to analyze situations quickly and make decisions that are in the best interest of his organization.
Personality Traits Competitive - Donald Trump is a highly competitive individual who is always striving to win. He is driven to be the best and will do whatever it takes to achieve his goals. Conflict-seeking - Donald Trump is known for his confrontational approach to dealing with others. He is not afraid to engage in conflict and is often seen as aggressive and abrasive. has a strong sense of self-importance and believes that he is superior to others.
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mastertech furniture company makes chairs. when walmart orders finished chairs from mastertech, it creates what type of demand on inventory?
It creates independent type of demand on inventory. When the demand for one item does not depend on the desire for another item, that item is said to fall under the category of independent demand.
Final products Independent demand items are those that are produced for stock and sale or ordered by external customers. Based on demand, the "economic order quantity" method determines the best quantity of inventory to order at a given time. If your demand is constant at, let's say, 2,400 units annually, you would multiply that number by two and then by the price of ordering one unit.
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tara decides to watch her neighbor's child with the expectation that in the future she may need her neighbor to return the favor and watch her son. tara is helping based on the:
The expectation of reciprocity or the norm of reciprocity. Tara is hoping her neighbour will reciprocate her help by watching her son in the future.
The expectation of reciprocity, also known as the reciprocity norm, is a social rule that asserts that individuals are more inclined to assist those who have assisted them in the past or who may assist them in the future.
Tara is supporting her neighbour's child by this rule. By offering assistance to her neighbour, Tara aims to create a sense of reciprocal duty that will encourage her neighbour to offer assistance in the future by babysitting her son. The social norm of reciprocity is widespread across cultures and has the potential to greatly influence prosocial behaviour.
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Your research project draft for this class is due in 2 short
weeks. For this discussion post, complete:
a DETAILED list of elements/research/writing/visual
construction/etc you’ve completed for your
I have completed topic selection, literature review, research objectives, methodology, data collection, data analysis, results, discussion, and conclusion for my research project draft.
I have completed the following elements for my research project draft:
1. Topic selection: I have chosen a specific research topic that is relevant to the course and aligns with my interests.
2. Literature review: I have conducted a comprehensive review of existing literature on the topic to gain a deeper understanding of the subject and identify knowledge gaps.
3. Research objectives: I have clearly defined the research objectives that outline what I aim to achieve through my study.
4. Methodology: I have selected an appropriate research methodology that aligns with my objectives and research question. I have also planned the data collection methods and procedures.
5. Data collection: I have collected primary or secondary data, depending on the nature of my research. I have ensured the reliability and validity of the data by using appropriate sampling techniques and research instruments.
6. Data analysis: I have applied suitable data analysis techniques to interpret the collected data and draw meaningful conclusions. This may include quantitative or qualitative analysis methods.
7. Results and findings: I have summarized the key findings obtained from the data analysis and presented them in a clear and organized manner.
8. Discussion: I have critically analyzed the results in relation to the research objectives, compared them with existing literature, and discussed their implications.
9. Conclusion: I have provided a concise summary of the research findings, discussed their significance, and identified areas for future research.
These elements outline the major components of a research project. By completing each of these tasks, I have ensured that my research project draft is comprehensive, well-structured, and based on sound research principles. This approach will contribute to the overall quality and validity of my research findings and conclusions. Additionally, these elements demonstrate my ability to conduct independent research, analyze data, and contribute new knowledge to the field of study.
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Josue is determined to play the saxophone in the school band. How could joining the band benefīt his college or career
O It demonstrates his passion for helping others.
O It gives him military experience
O It provides extra spending money.
O It shows that he is creative.
Answer:
I personally would say D: It shows that he is creative.
Explanation:
Mostly because it makes sense, playing a saxophone wouldnt show his passion for helping others, nor give them military experience. Note it also says that how it benefits of his collage or career, so why would he spend money on anything? Most obvious answer would be D.
Sorry if I'm wrong but its a shot in the dark that I'm willing to make, it just looks and sounds right.
What are some reasons that a bank statement might not match a cash balance of a business's records? Choose all answers that are correct.
Question 1 options:
posted payments on credit cards
bank errors
outstanding deposits
service charges
recorded checks
outstanding checks
Answer:
outstanding deposits, outstanding checks, posted payments on credit cards
Explanation:
Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.
What information does a bank statement provide?Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.
Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.
Thus, the ideal options are B, C, D, and F.
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In noting that he had "yet to engage in a direct-action campaign that was ‘well timed,’" martin luther king, jr. , was most likely arguing against:.
Martin Luther King, Jr. was argued that African-Americans should be more patient and that civil rights should not be for all.
Who is Martin Luther King Jr?Martin Luther King Jr can be regared as an American Baptist minister as well as
activist who was the civil rights movement leader in 1955 .
Therefore, he stressed that African-Americans should be more patient and that civil rights should not be for all.
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PLEASE HELP ME HEREE
Would you spend $10 more dining out at a restaurant that offered healthier options? Why or why not?
Spending an additional $10 on dining out at a restaurant that offers healthier options can be a good choice for some people.
Why is it?
The reasons for this may include prioritizing their health, adhering to a specific dietary plan, or simply enjoying the taste of nutritious meals. Ultimately, the decision depends on an individual's preferences, budget, and health goals.
it really depends on the person's individual preferences and priorities. Some people prioritize their health and would gladly pay a little extra to have healthier options available to them when dining out. Others may not see the value in spending extra money on healthier options and would rather save their money. Ultimately, it is a personal choice and depends on the individual's priorities and budget.
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as federal debt increases, __________ also rise, so that the deficit grows even if other government spending is held constant
As federal debt increases, interest payments also rise, leading to an increase in the deficit even if other government spending is held constant.
When the federal government accumulates debt by borrowing money to finance its operations, it incurs interest obligations on that debt. As the total debt increases, the amount of interest payments required to service that debt also grows. These interest payments become an additional expenditure that adds to the deficit, which is the difference between government spending and revenue.
Even if the government keeps other spending constant, the increasing interest payments on the growing debt act as a persistent drain on the budget. This means that a larger portion of government revenue must be allocated towards interest payments, leaving fewer funds available for other programs, investments, or reducing the deficit itself. Therefore, as federal debt increases, the deficit tends to grow due to the rising interest payments associated with the accumulating debt burden.
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Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
state tax that is 21% of her federal tax
Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.
a.
Her net pay will increase by $15.00.
b.
Her net pay will decrease by $15.00.
c.
Her net pay will increase by $18.15.
d.
Her net pay will decrease by $18.15.
Answer:
c
Explanation:
Answer:
Her net pay will increase by $18.15
Answer correctly brainlist
Representative money has value based on:
A. the type of material that was used to make it.
B. an agreement that it can be exchanged for something else.
C. the role it plays in traditional religious ceremonies.
D. a government declaring that it is a legal currency.
Answer:
A. the type of material that was used to make it.
Explanation:
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow.
A subprime mortgage loan is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow.
Write 9.58 times 10^(2) in standard notation. pls help!
its math btw
QUESTION 4 [25 MARKS]
(a) Since warehouses, stores and distribution centres have to operate as essential component elements within supply chains network, key decisions when setting up such facilities must be determined by the overall supply chain strategies for service and cost. Elaborate on these key decisions? [15 marks]
(b) According to the Material Handling Institute, the principles of materials handling ensure effective and efficient handling of materials. List down these principles. [10 marks]
a) Introduction: Warehouses, stores, and distribution centres are the essential components that need to operate within the supply chain network, and key decisions must be made when setting up such facilities. These decisions should be determined by the overall supply chain strategies for cost and service. Key Decisions:
1. Location: The location of a warehouse is one of the critical decisions that need to be made. It is necessary to have a warehouse that is near the customer. The closer the warehouse to the customers, the lesser the transportation costs and delivery times.
2. Storage Capacity: The storage capacity of the warehouse is another critical decision that needs to be made. It should be able to accommodate the goods in a way that they can be accessed quickly and without damage. The storage capacity must be sufficient to meet the demand and increase the overall efficiency.
3. Handling Equipment: Handling equipment such as forklifts, conveyors, and pallet jacks play a crucial role in the warehouse's efficiency. The type of handling equipment needed will depend on the products being stored and the warehouse's layout. It is essential to have the right handling equipment to minimize the chances of product damage and increase efficiency.
4. Workforce: One of the key decisions when setting up a warehouse is deciding on the workforce's size and skill level. The right workforce can improve the warehouse's efficiency, while a poorly trained workforce can lead to product damage and decreased productivity.
5. Information Technology: Investing in the right technology is essential in today's fast-paced business environment. Information technology can help manage inventory, streamline operations, and reduce costs. Implementing a warehouse management system (WMS) is necessary to ensure the smooth running of the warehouse.
b) According to the Material Handling Institute, the principles of materials handling ensure effective and efficient handling of materials. The principles of materials handling are as follows:
1. Planning: Planning is the first principle of materials handling. It is necessary to plan the material handling process, including the equipment needed, space requirements, and the workforce's size.
2. Standardization: Standardization is the process of developing standards for material handling processes. Standardization ensures that the material handling process is efficient and effective.
3. Work: Work is the third principle of material handling. It is necessary to understand the workload, including the amount of material, the distance traveled, and the frequency of handling.
4. Ergonomics: Ergonomics is the process of designing the workplace for maximum efficiency and safety. Ergonomics principles ensure that the material handling process is safe and efficient.
5. Unit Load: Unit load refers to the maximum amount of material that can be moved at one time. It is necessary to determine the unit load to maximize efficiency and minimize costs.
6. Space Utilization: Space utilization is the process of maximizing space utilization in the workplace. It is essential to utilize space effectively to minimize costs and improve efficiency.7. System: Material handling systems should be designed to ensure efficiency and effectiveness. It is essential to have a system in place that can handle the material handling process efficiently and effectively.
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during what period in the business cycle are firms first likely to cut their marketing budgets? a. depression b. recovery c. economic standstill d. prosperity e. recession
During a recession, firms are first likely to cut their marketing budgets. During this, there is a decrease in economic growth, and GDP, industrial production tend to decline. So, the correct option is E.
A recession is a period of economic contraction that typically lasts for several months. Businesses often experience a decrease in revenue and profits during a recession, and as a result, many firms will look for ways to conserve cash and reduce expenses.
One of the areas that businesses may target for cost-cutting during a recession is marketing. Marketing budgets can be significant, and firms may view these expenses as discretionary, meaning they can be reduced or eliminated without affecting the core operations of the business.
By cutting marketing expenses, businesses can conserve cash, reduce their expenses, and better position themselves to weather the economic downturn. It's important to note that while cutting marketing expenses can help businesses conserve cash during a recession, it can also have negative consequences.
Reducing marketing efforts can lead to a decrease in brand awareness, customer engagement, and ultimately, sales. Firms must weigh the benefits of conserving cash against the potential long-term effects of reducing marketing efforts.
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mention four financial options that you may consider to assist yoy to start your own business
Answer:
x²+5x+5(x+5)x²+5x+5x+25x²+5x+5x+25x²+10x25
The following comparative balance sheet is given for Estern Co. Assets Dec 31, 2021 Dec 31, 2020 Cash $117,000 $19,500 Notes Receivable 24,000 21,000 Supplies & Inventory 27,000 40,500 Prepaid expense 10,500 18,000 Long-term investments 0 27,000 Machines and tools 55,500 48,000 (21,000) (15,000) Accumulated depreciation-equipment Total Assets $213.000 $159,000 Liabilities & Stockholders' Equity Accounts payable $ 25,500 $ 10,500 Bonds payable (long-term) 55,500 70,500 Common Stock 60,000 34,500 Retained Earnings 72,000 43,500 Total Liabilities & Stockholders' $213,000 $159,000 Equity Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $43,500. 2. Depreciation expense is $6,000. 3. There is a loss of $3,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $27,000, yielding a $3,000 loss. 3. Cash dividends paid is $15,000. 4. The company purchased new machines and tools for $7,500 cash.
To analyze the changes in Estern Co.'s financial position from 2020 to 2021, we will prepare a statement of cash flows. This statement shows the cash inflows and outflows from operating, investing, and financing activities.
Statement of Cash Flows (2021):
Operating Activities:
Net Income: $43,500
Adjustments for non-cash items:
Depreciation Expense: $6,000
Increase in Accounts Payable: $15,000 (25,500 - 10,500)
Net Cash Provided by Operating Activities: $64,500
Investing Activities:
Sale of Long-term Investments:
Proceeds from Sale: $3,000
Net Cash Provided by Investing Activities: $3,000
Financing Activities: Issuance of Common Stock: $25,500 (60,000 - 34,500)
Dividends Paid: $15,000
Net Cash Provided by Financing Activities: $10,500
Net Increase in Cash: $78,000 ($117,000 - $19,500)
Cash at the Beginning of the Year: $19,500
Cash at the End of the Year: $117,000
Based on the statement of cash flows, Estern Co. experienced a significant increase in cash from $19,500 in 2020 to $117,000 in 2021. The operating activities provided the highest source of cash, with a net inflow of $64,500. The company also generated cash from the sale of long-term investments, resulting in a $3,000 increase. In terms of financing activities, Estern Co. received cash from the issuance of common stock but paid dividends, resulting in a net cash inflow of $10,500.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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the general ledger process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems. group of answer choices true false
True. The general ledger process is a fundamental aspect of accounting that involves accumulating, classifying, and recording financial data in a company's accounting system. This process enables the organization to maintain an accurate and up-to-date record of its financial transactions, which is essential for producing financial statements, analyzing business performance, and making informed decisions.
The general ledger serves as the central repository for all financial data, and it provides the foundation for the financial reporting, business reporting, and other reporting subsystems. Financial reporting involves the preparation of financial statements that summarize the financial performance and position of the organization. Business reporting, on the other hand, focuses on providing detailed information about specific business activities and processes. The general ledger process is critical for ensuring the accuracy and integrity of financial information and for complying with various financial regulations and reporting requirements. It enables the organization to track its financial transactions and balances, identify errors and discrepancies, and generate financial reports that are useful for decision-making purposes. Overall, the general ledger process is a vital component of any organization's financial management system.
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George wants to be a registered nurse, so the best course of training is:
OA. a four-year college degree.
OB. on the job training.
OC. a trade school certificate.
OD. a graduate school after college.
If George wants to be a registered nurse, the best course of training is: A. a four-year college degree.
Who is a registered nurse?A registered nurse can be defined as someone who is qualified to practice nursing and have been giving the license to practice nurse.
Hence, Option A is correct because to be a registered nurse the person must meet the necessary requirements and one of the requirement that must be meet is to have a bachelor's degree in nursing or a four-year college degree in nursing from an accredited university or college.
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Answer:
A
Explanation:
i just got it's right
c) Suppose you have decided to invest RM500 at the beginning of every year in a mutual fund account that offers interest at the annual rate of 6%. Calculate the amount in this account after 30 years. () (d) Ecoworld Homes Ltd has a bond issue outstanding that pays an 8.5 percent coupon and matures in 18.5 years. The bonds have a par value of RM1,000 and a market price of RM964.20. Interest is paid semiannually. Calculate the yield to maturity of the bond. ()
In the first scenario, investing RM500 annually in a mutual fund with a 6% annual interest rate for 30 years will result in a certain amount in the account.
In the second scenario, Ecoworld Homes Ltd has a bond issue with an 8.5% coupon rate, maturing in 18.5 years. The bond has a par value of RM1,000 and a market price of RM964.20, with semiannual interest payments. The yield to maturity of the bond needs to be calculated. In the first scenario, to calculate the amount in the mutual fund account after 30 years, we need to consider the annual investment of RM500 and the annual interest rate of 6%. Using the formula for compound interest, the future value can be calculated. After 30 years, the total amount in the account will be the sum of the invested amounts and the accumulated interest.
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During the late 1970s, prices quoted in terms of the Israeli currency, the shekel, rose so fast that grocery stores listed their prices in terms of the U.S. dollar and provided customers with dollar-shekel conversion tables that they updated daily. Although people continued to buy goods and services and make loans using shekels many Israeli citizens converted shekels to dollars to avoid a reduction in their wealth due to inflation. Thus, the U.S. dollar functioned as money in Israel during this period.
A. as a standard of deferred payment.
B. as a credit card.
C. as a medium of exchange.
D. as a unit of accounting.
Answer:
D. As a unit of accounting
Explanation:
The U.S. dollar functioned as money in Israel during this period as a unit of accounting.
Money can be defined as anything that is generally acceptable as a medium of exchange or form of payment
There are different functions of money which includes:
1. Medium of exchange
2. Store of value
3. Units of accounting
1. Medium of exchange. Money functions as a medium of exchange between buyers and sellers. Exchange of goods and services is made easy with the use of money.
2. Store of value: Money functions as a store of value. That is, money should remain valuable when stored for a period of time.
3. Unit of account: Money also functions as a unit of account, that is, providing a common measure of the value of goods and services being exchanged.