What happened when Nixon closed the gold window?
President Richard Nixon laid the gold standard to rest for good when he slammed the “gold window” shut, severing the last ties the dollar had to gold. Nix...
Category: Updates
When was wine first made?
The earliest remnants of wine were discovered in the site of Hajji Firuz Tepe, in the northern Zagros Mountains of Iran. The wine dated back to the Neolit...
How exchange rates affect business activities?
The exchange rate will play an important role for firms who export goods and import raw materials. Essentially: A depreciation (devaluation) will make exp...
Which is a logical order in the accounting cycle?
Answer: The proper order of the following steps in the accounting cycle is: journalize transactions, post to ledger accounts, prepare unadjusted trial bal...
What is an actual good credit score?
Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Although ranges vary depending on the credit scoring model, generally ...
How are the climates of Hawaii and Alaska different?
Alaska generally has a cold climate even though there are warm days, whereas Hawaii generally has a warm climate even though there are cold days. Hawaii i...
What does loan tranche mean?
What Are Tranches? Tranches are segments created from a pool of securities—usually debt instruments such as bonds or mortgages—that are divvied up by risk...
How many members are usually on a board of directors?
Bylaws can set the number of board members, the manner in which the board is elected (e.g., by a shareholder vote at an annual meeting), and how often the...
How do I find out total debt owed?
How to Figure Out Your Total Debt Balance Obtain a free copy of your credit report at AnnualCreditReport.com. Make a list of all of the active accounts on...
How do you develop new competencies?
There are generally 5 steps in the competency development process. STEP 1 – Understand Your Purpose. Step 2 – Determine Your Approach and Project Team. ST...
