This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a fiduciary monetary system? What will be an ideal ... (Read 31 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
What is a fiduciary monetary system?
 
  What will be an ideal response?

Question 2

If a country is growing at an annual growth rate of 5, what will be its GDP after 5 years?
 
  A) 5 times the current GDP B) 1.28 times the current GDP
  C) 3.21 times the current GDP D) 1.8 times the current GDP


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meow1234

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

A fiduciary monetary system is a system in which currency is issued by the government and its value is based on the public's confidence that the currency represents command over goods and services. The currency used in the system has no intrinsic value.

Answer to Question 2

B


magmichele12

  • Member
  • Posts: 559
Reply 2 on: Jun 30, 2018
:D TYSM

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Top down view of Olympus Mons, the highest known mountain in the solar system Top down view of Olympus Mons, the highest known mountain in the solar system
Gastrointestinal system Gastrointestinal system
Disorders of the Female Reproductive System Disorders of the Female Reproductive System
Digestive System Disorders Digestive System Disorders
System of Equations System of Equations
Anatomy of Digestive System Anatomy of Digestive System
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library