Auditors should never count a cash fund with the custodian present because the custodian might be able to influence the count.

a. true
b. false

Answer: b. false

Economics

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Commodity money is paper currency that may be redeemed for a specific commodity at a specified rate on the currency.

a. true b. false

Economics

Bananas cost about $1 a pound and ground beef costs about $3 a pound. If Jenna has $18 to spend on groceries and she only buys bananas and beef, which of the following is a possible combination of these goods that could maximize her total utility?

A) 18 lbs of bananas and 6 lbs of beef B) 10 lbs of bananas and 8 lbs of beef C) 8 lbs of bananas and 3 lbs of beef D) 3 lbs of bananas and 5 lbs of beef

Economics