The controlling mechanism for a gold-based exchange system and a floating rate system are the same.
Answer the following statement true (T) or false (F)
False
The control mechanism for a gold fixed rate is gold flows (Hume); the control mechanism for a floating rate system are market forces, with some government intervention. See Summary of the Monetary System table.
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Word of mouth marketing is not an effective marketing strategy for small firms
Indicate whether the statement is true or false
Which of the following is the most likely objective of a large organization with a mission
emphasizing growth in new markets? A) increasing its market share within its current market, with the intent on dominating a particular niche B) improving its responsiveness to dynamic market conditions by shortening its product development cycle time C) increasing its brand reputation, or improving its customer service for high-end customers D) increasing its market share by expanding geographically
For each transaction, identify which account is debited and which account is credited. Use proper account titles
Transaction Debit Credit Received a bill for utilities to be paid next month Performed services on account Paid cash for a 12-month insurance policy, coverage starting next month Paid rent for the current month Borrowed cash from the bank for business use; a note was signed What will be an ideal response
The first data communications infrastructures used the existing circuit-based telephone system
Indicate whether the statement is true or false