What function of money is highlighted when someone deposits a portion of his or her paycheck into an individual retirement account (IRA)? O a) fiat money O b) store of value Oc) means of wealth transfer O d) medium of exchange e) unit of account
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- Distinguish between the present worth of cash and future worth of cash?For credit card accounts, the interest rate is normally expressed as the Annual Percentage Rate. This interest rate is considered effective. a True b FalseThe amount which from the transaction entered by the person who borrows money called the debtor or maker and the person who lends money called creditor or lender.
- Go to the EEOC Newsroom eeoc.gov/newsroom and search “ADA settlement.” Scroll and skim the headlines of any 5 pages of results. You don’t have to open any of the links – just look at the money. What was the highest settlement you saw? $_ What was the lowest? $_ Estimate: Most of the settlements were somewhere between $_ and $_.The return a lender receives for allowing borrowers the use of their savings for one year, calculated as a percentage of the amount borrowerd a- desinflation b- real interest rate c-nominal interes rate d- interest rateSustaining members of public radio stations, such as WRKF in Baton Rouge and WWNO in New Orleans, make fixed monthly monetary donations to support the programming on those stations. These charitable donations are an example of which of the following functions of money? Select one: A. Unit of account. B. Standard of value. C. Medium of exchange. D. Means of unilateral payment. E. Standard of deferred payment.
- The payback period analysis fails to recognize the difference between the present and future value of money. Explain this with example?A good form of money is described as having the following characteristics: A, B, C, OR D ONE ANSWER A unit of account, medium of exchange, store of value, and standard of deferred payment. B unit of account, medium of exchange, and store of value. C unit of account, medium of exchange, and standard of deferred payment. D unit of account, medium of exchange, store of value, and money.It is a form of guarantee given by a reputable bank. If the borrower defaults in paying, the investor has legal recourse to the bank. a. Repurchase agreement b. Banker acceptance c. Certificate of deposit d. Commercial paper
- In contrast to revolving credit, installment credit loans allow a borrower to do which of the following? A- to borrow funds continually B- to borrow funds interest free C- to borrow funds one time D- to borrow funds tax freeEconomics The present value of a fixed-payment loan is calculated as the of the present value of all cash flow payments. Select one: a. log b. multiple C. Sum d. differencePlease answer. Thank yiu