Explain why gold backing is not necessary to give paper money value.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
To conclude we can say that As long as peo...View the full answer
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Multiply Choice 1. Which of the following is not necessary to create a partnership? (a) Execution of a written partnership agreement (b) Agreement to share ownership of the partnership (c) Intention...
-
Explain why it is not necessary to include product cost (price or price times quantity) in the EOQ model, but the quantity discount model requires this information.
-
Polka Dot Enterprises is a Canadian private company located in Toronto, Ontario. Their business operations consist of event planning for corporations and fundraisers. They have recently begun the...
-
A local university is considering changes to its class structure in an effort to increase professor productivity. The old schedule had each professor teaching 5 classes per week, with each class...
-
1. Select the single best answer. Professionals modeling the database are called a. database realms. b. database designers. c. database builders. d. database users. 2. Select the single best answer....
-
Using the method of joints, determine the force in each member of the truss shown. State whether each member is in tension or compression. 5 ft 11 ft 5 ft 693 lb 12 ft
-
Are companies required to report a manufacturing statement?
-
Determine the optimal-stage location for each feed and the number of theoretical stages required for the distillation separation shown in Figure 7.42 using the following equilibrium data in mole...
-
2 Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 Wrote a $340 check to...
-
A host sends five packets and receives three acknowledgments. The time is shown as hour:minute:seconds. a. Segment 1 was sent at 0:0:00. b. Segment 2 was sent at 0:0:05. c. ACK for segments 1 and 2...
-
Money makes trade easier. Would having a money supply twice as large as it currently is make trade twice as easy? Would having a money supply half its current size make trade half as easy?
-
Money is a means of lowering the transaction costs of making exchanges. Do you agree or disagree? Explain your answer.
-
Diderot Stores Inc., which uses the conventional retail inventory method, wishes to change to the LIFO retail method beginning with the accounting year ending ?December 31, 2020. Amounts as shown...
-
The balances of selected accounts of Casper Company on February 28, 20X1, were as follows: Sales $250,000 and Sales Returns and Allowances $4,000. The firm's net sales are subject to an 7 percent...
-
1. Draw and label force diagrams for the physics book and for the calculator. Add equality marks showing any equalities between force diagrams. Circle and label any Newton's third law pairs. (6 pts)...
-
Consider the Lincoln Tunnel, which was built in 1939 under the Hudson River in New York. Assume the tunnel to be empty with perfectly conducting walls and rectangular cross section with width 6.55 m...
-
Examine a well-known principal-agent contract, the sale of your home by a licensed realtor. You will use the following data to analyze this case. Your home is the typical home, approximately 1,875 sq...
-
i) Generate a third degree polynomial in x and y named g(x, y) that is based on your mobile number (Note: In case there is a 0 in one of the digits replace it by 3). Suppose your mobile number is...
-
What are the differences between a post-billing system and a pre-billing system?
-
Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...
-
Based on the data in Exercise 9-12, determine the depreciation for the John Deere tractor for each of the first two years, using the sum-of-the-years-digits depreciation method. Round to the nearest...
-
List the two primary general accounting statements. What is each used for and how do they differ? Which cost important?
-
What is the advantage of comparing financial statements across periods or against industry benchmarks rather than in looking at statements associated with a single date or period?
-
If a firm has a current ratio less than 2.0 and an acid-test ratio less than 1.0, will the company eventually go bankrupt and out of business? Explain your answer.
-
Estimate the intrinsic value of the stock company ABC. Dividends were just paid at $8 per share and are expected to grow by 5%. You require 20% on this stock given its volatile characteristics. If...
-
Crane, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,794,207. Management expects that this will lead to additional cash flows of $1,560,000 for the next six...
-
Match each of the following transactions with the applicable internal control principle that is being violated
Study smarter with the SolutionInn App