Which of the following statements correctly identifies a difference between inside money and outside money?

A. Inside money has value because the government decrees that it has value for payment of taxes, while outside money has value because it is made using expensive metals.
B. Inside money consists of wages and salaries earned by employees in the private sector, while outside money consists of wages and salaries earned by employees of the government sector.
C. Inside money cannot be used for making purchases from foreign sellers, while outside money can be used for making purchases from foreign sellers.
D. Inside money is created in the private sector, while outside money is created by the government or by nature. 


Answer: D

Business

You might also like to view...

The causes of variation in statistical process control are:

A) cycles, trends, seasonality, and random variations. B) producer's causes and consumer's causes. C) mean and range. D) natural causes and assignable causes. E) Type I and Type II.

Business

By measuring how quickly a firm recovers its initial investment, the payback period gives implicit consideration to the time value of money and ignores the timing of cash flows

Indicate whether the statement is true or false

Business

The complex systems approach to organization change research takes into account ______.

A. patterns of interconnections among variables B. the fact that patterns of interconnections and the strength associated with each interconnection may vary C. that organization change occurs over time and that change measurements will vary over time D. all of these

Business

Statute of Frauds. Monetti, S.P.A., is an Italian firm that makes decorative plastic trays and related products for the food services industry. In 1981, Monetti set up a wholly owned subsidiary, Melform U.S.A., to market its products in the United

States. In 1984, after orally agreeing with Anchor Hocking Corp (Anchor) that Anchor would become the exclusive U.S. distributor of Monetti products, Monetti terminated all of Melform's current distributors and informed all of Melform's customers that Anchor would be the exclusive distributor of its products in the future. Relations between Monetti and Anchor Hocking deteriorated over the next several months, and eventually Monetti sued for breach of contract. Anchor contended that their contract was unenforceable under the Statute of Frauds. Although their agreement had never been reduced to a writing, at one point Raymond Davis, the marketing director of Anchor, summarized the terms of the agreement in a memorandum on Anchor's letterhead that was sent to Anchor's law department. The memo included some handwritten notes by Davis, which, Davis stated, represented "more clearly our current position regarding the agreement." Will the memorandum signed by Davis constitute a sufficient writing under the UCC Statute of Frauds provisions? Discuss.

Business